The recent market downturn highlighted a huge issue with AUM fees: that revenues go down at exactly the time when your workload and client communications go up. The panelists will discuss their experience with three alternative models: monthly subscription fees, a pure hourly fee model, and flat monthly fees.
The implications of non-AUM compensation, including a shift in your perceived value proposition from asset management to financial planning and advice.
How to communicate your alternative fee structure.
How to, procedurally, handle the billing via an alternative fee structure.
How different fee structures can change your client workloads.