Ever wonder whether the firm down the street is experimenting with how it charges clients? Bob Veres of Inside Information takes a look at the state of the profession’s revenue model via the 2022 Billing and Fee study from Advyzon, a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers. Bottom line: Nearly all firms are charging some of their clients based on something other than AUM, but nearly all are charging AUM for most of the people they work with. In addition, nearly 40% of advisors offer some form of flat-fee option.

Originally published by Inside Information on January 29, 2023. Read full article here.

Keen Wealth Advisors CEO Bill Keen is featured in the January In the Field series from Advisor News. Early experiences with finances shaped Keen’s future as an advisor and his passion to give back to the community.

Originally published by Insurance News Net on January 1, 2023. Read full article here.