Podcast 14: Is Percentage of AUM Adviser Fees Under Pressure? Plus Interview With Chris Daems

 

A recent article referred to percentage of asset under management adviser charging as ‘a con’. While this clearly a step too far, are we going to see more attack on this approach to fee charging? 

In this podcast, we examined some recent articles on how adviser fees are evolving, including one by US based financial planning veteran Bob Veres; primary on how percentage of asset under Management adviser charging is coming under increasing pressure.  

Then I interview Chris Daems of Principal Financial Solutions, who has recently made the decision to move all the firm’s clients to retainer based fees, collected from their bank account. He has moved about a third of his clients to this approach and has only had one objection so far!

Enjoy!

 

Abraham Okusanya
Director
Abraham is the founder of FinalytiQ, a research consultancy for platforms, asset managers, and advisory firms. Recognised as one of the country’s leading experts in retirement income, platforms and investment propositions, Abraham has authored several papers on these subjects and delivered talks to the Personal Finance Society, The FCA and several conferences across the country.

Read Full Bio

Submit a Comment

Your e-mail address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.