The financial industry is in constant flux. As the rules and regulations surrounding the field, financial professionals must stay on their toes as they adapt to their shifting environment. And, as of late, RIAs have been forced to adapt their fee structure to better suit their client’s needs.
While the typical Assets Under Management model is tried and true, and easy to explain, it may not be the model that is right for all RIAs and their clients.
In the Financial Planning article titled RIA fees: from prix fixe to à la carte, Tina Hohman, Alera Group’s Executive Vice President of Wealth Management, commented on how à la carte financial planning models are on the rise, especially as the next generation enters the financial planning market.
To read the full article and insights from other financial professionals are addressing these changes, click here.