Ellen Turf
Investors often prefer commissions rather than fees: Cerulli AssociatesPosted by RJ and Makay on Jun 09, 2011 |
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A new report by Boston-based research firm Cerulli Associates indicates that investors prefer to pay commissions rather than fees for their financial advisory services. Of the 7800 households surveyed, 47% said they prefer commissions as compared to 27% that would rather pay a fee based on assets under management. About 18% of survey recipients prefer negotiated lump-sum retainer fees, and 8 percent choose an hourly fee structure.
