What must thinking clients make of AUM fees?
LINKS FOR GROWING ADVICE FIRMS Here are what we consider to be the best and most important reads for advice firm owners from the past seven days. “To a thinking client, it's really difficult to understand why AUM fees make sense, and not just in the fairness sense. What does it incentivise? I'm paying for the thing that is a commodity, but I'm getting the valuable stuff for free. I'm sorry, that idiotic. And the fact that the industry sticks to it is bizarre and, I believe, u