Javelin Marketing: Fee Based Model Shows its Flaws
~ Wednesday, November 5th, 2008For the last 20 years, the securities industry has considered fees over commissions to be the savior of its cyclical business. The fee-based advisors we talk to tell us that their income will be down 50% this year–most of that is due to a 40% decline in the value of client portfolios and the rest [...]
