Some of the nation’s largest financial advisory firms are realizing a competitive edge by bringing new and value-added services, such as tax planning, alternative investments and private banking solutions, to investors, according to BNY Mellon’s Pershing Advisor Solutions.
A significant majority (84 percent) of advisers responding to the poll indicated they did not change their pricing in 2017. Among those who changed fees, 10 percent reported an increase.
The 2018 Elite Advisor poll was conducted between Feb. 22 and March 9, 2018, among the Elite Advisor Summit attendees. The poll was completed by 31 of the 71 advisers that attended the summit. Full findings of the poll can be found here.
