Nearly half of firms get at least 50% of recurring revenue from fees - study

The FundsNetwork survey, which asked advisory firms about their understanding, sentiment and intentions around the ‘sunset clause' and moving to a fee arrangement, suggested a significant proportion of advisers have made good progress in moving to a fee-based charging structure. However, the research also suggested that the majority of respondents have some way to go in transitioning to fees, with more than half (52%) of advisers stating that they currently have less than half of their recurring revenue coming from fee-paying clients. While the majority of advisory firms that were sur...