Nearly half of firms get 50% or more income from fees - FundsNetwork

The FundsNetwork survey, which asked advisory firms about their understanding, sentiment and intentions around the ‘sunset clause' and moving to a fee arrangement, suggested a significant proportion of advisers have made good progress in moving to a fee-based charging structure. However, the research also suggested that the majority of respondents have some way to go in transitioning to fees, with more than half (52%) of advisers stating that they currently have less than half of their recurring revenue coming from fee-paying clients. > Read: Adviser charging: Life after ‘three-plus-a...