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Why Flat-Retainer Fees are Doomed to Fail

The great fee debate continues. I’ve heard a new paradigm coming into the market: advisors who charge no commissions or tiered fees, just a flat, annual retainer.

It’s a nice idea but in reality they’re trading one bias for another – and I’ll explain why. While I see more cons than pros to this approach, I’ll consider both sides.

Finish reading here.