TITLE

Time to Retire Your AUM Compensation Model?

AUTHOR(S)
Ritchlin, Lance
PUB. DATE
December 2008
SOURCE
Journal of Financial Planning;Dec2008 Supplement, p18
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article offers information on the assets under management (AUM) model of retirement planning and suggests the options available to financial planners in the United States. If retired customers stop using this model, they will demand extra time from the planners. The author details the implementation of new fees for financial planning based on hourly and yearly schedules or by project. The drawback of this system is that not all clients would be ready to pay and clients may be tempted to cut down on itemized planning services due to an economic recession.
ACCESSION #
35665230

 

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