FYI: There’s been a lot of talk in the industry about downward pressure on advisory fees. Competition has been growing rapidly in the financial advisor sector with the addition of lower-cost robo and hybrid advice services. But to date, most RIAs I’ve spoken with have yet to see pressure on their fees despite all the headlines.
The pressure advisors are feeling is the pressure to increase their range of services (e.g., estate planning, insurance, retirement income expertise). They realize that competing with robos purely on investment solutions is going to be difficult.
Regards,
Ted
https://www.etf.com/sections/etf-industry-perspective/vanguard-fee-pressure-looms?EXCMPGN=EX:PC:FAS:Sustaining
