Why fee for sevice won't overtake the AUM model

Michael Kitces | Pinnacle Advisory Group | 14 August 2012

The inspiration for this blog was a recent conversation I had with a fellow planner who transitioned his practice to an annual retainer fee model... and two years later, is converting his practice back to the AUM model he had originally. "I loved the idea of it," he said, "especially to get off the revenue rollercoaster of AUM fees that went up and down with the markets. But no matter how much work I did for my clients, they really pushed back on writ...