Will product pricing pressures carry over to advisory fees?
While passive investing and the DOL fiduciary rule have contributed to investors' cost sensitivity, the advice industry has managed to stay outside the fray — so far.
As low-cost index funds and ETFs continue to take market share from higher-cost actively managed funds, financial advisers could soon find themselves caught up in the downward pressure on fees.
Emily Sweet, senior analyst at Cerulli Associates, said the appeal of passive investing combined with the
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