Investors seem less worried than Congress when it comes to the opacity of management fees, according to Spectrem Group’s latest Retirement Market Insights report.
As of May, while 29% of advisors’ clients said fees were neither open nor transparent, 43% of clients said their advisor’s fee structure was very clear to them. The same number of clients say they don’t think Congress should meddle with the client-advisor relationship, while 33% felt otherwise. However, investors are split over whether legislation is needed to hold advisors to a fiduciary standard: 42% of investors support legislation that forces advisors to act in their best interests; 40% don’t.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access