Advisors who move aggressively into fee-based business end up doing much better than their transaction-based colleagues, with more assets, a higher return on those assets and more revenues, according to a new report.
Advisors who moved clients into fee accounts most aggressively grew revenue 47% over the last three years, compared with an average growth rate of 21% for the industry, according to the new Insights report from PriceMetrix, the research consultancy.
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