I Guess Fee's Aren't Going Down???

In the recent Michael Kitces study we see the trend isn't going down in advisory fees, as a matter of fact they are going up.

If you charge a 1% advisory fee on 1 million in assets your are in the median range, if you charge .80% you are in the bottom 10%, if you charge less than .80% you are short selling yourself.

Why is this trend moving in the opposite direction from what the industry expected? It's simply because most financial advisors are offering significantly more services to their clients. Our LifeVesting process can assist in introducing the various additional services you can provide to your clients today.

https://www.kitces.com/blog/financial-advisor-average-fee-2020-aum-hourly-comprehensive-financial-plan-cost/?utm_campaign=coschedule&utm_source=linkedin&utm_medium=Michael%20Kitces&utm_content=Financial%20Advisor%20Fee%20Trends%20And%20The%20Fee%20Compression%20Mirage