As the profession has shifted from product sales to providing and implementing a client’s financial plan, compensation models have also adapted. Now, with the Department of Labor’s pending fiduciary ...

Q: Now that business is starting to pick up again, I am thinking of trying to charge my clients an annual retainer fee for travel counseling and booking. The fee will be nonrefundable and payable in ...

Rianka Dorsainvil launched her RIA, Your Greatest Contribution, two years ago with a retainer fee rather than prices based on clients’ assets under management. The $3,400 annual fee allows her more ...

As investors become increasingly cost conscious and more savvy about fees, some financial advisers claim to be poised to field any and all challenges by embracing a retainer-fee model. Unlike the more ...

Consultants generally charge clients by the hour, day or project, although some offer a retainer payment option. While working on retainer gives a consultant a more stable and predictable income, ...

That's especially challenging when planners must compete against big firms such as Vanguard and Fidelity, which have the scale to offer investments at lower price points than smaller registered ...