Determining the right price point for services is often necessary for the very survival of a business. Even if price is only one of many factors that clients consider, determining fees at just the right price point is a must for any thriving business. Setting it too low erodes profits, while setting prices at too lofty a level could scare away clients. For the first time in four years, advisors raised their asset management fees taking them back to 2004 levels—to 1.00% on median ...

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