When Fees Make More Sense Than Commissions

Jun 3, 2005 / By William F. Nicklin
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Too frequently, the shift to fees is based on specious claims of "moral superiority." But there is nothing morally superior about a disservice to your clients. A good time to move to fees is when a change in investment strategy warrants a different compensation system. Here's why one commission-oriented top producer made the switch.

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