Fidelity® Finds RIAs Are Discounting Fees By 20 To 30 Basis Points

Fidelity Investments press release ----------- Fidelity Clearing & Custody Solutions, the division of Fidelity Investments that provides clearing and custody to registered investment advisors (RIAs), broker-dealer firms, family offices, retirement recordkeepers and banks, today released new research from its 2017 Fidelity RIA Benchmarking Study, which found that RIAs are taking new measures to adapt to a changing wealth management landscape amid declining revenue and client growth. According to the study, RIA revenue yield has dropped 3 basis points (bps), revenue growth has fallen to 7 percent and client growth is down to 5 percent, the lowest level in five years. To learn more click on the picture below to read the release.