 The average client is getting older at a rate greater than the average human.That's a cause for concern because it means we're not getting younger investors into the market.”Patrick Kennedy, co-founder, PriceMetrix. |
Advisers generating less revenue from each dollar managed
Liz Skinner | InvestmentNews, April 2014
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Summary: Revenue that advisers generated from client assets fell during each of the past two years, even though they increased their assets under management over that period, a new report shows.The average revenue advisers generated from assets declined to 0.68% last year, from 0.69% in 2012 and 0.72% in 2011, according to a PriceMetrix Inc. report released Monday that analyzes transaction and account data of 40,000 advisers.
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