Investor trends shift towards alternative fee structures in financial advisory services
Investing.com 2023-09-19 08:03:56 • 1 min
A significant change in investor preferences towards alternative fee structures in financial advisory services is shaping the industry, as reported on Monday. This shift from the traditional assets under management (AUM) model reflects a growing demand for more flexible and potentially more transparent fee arrangements.
Wealthramp, a platform that connects consumers with advisors, has observed this trend among its users. In 2023, 42% of over 2,000 users chose alternative fee structures rather than selecting 'no preference' or adhering to the conventional AUM model. This indicates a clear preference towards non-traditional fee models.
