The cost of acquisition
By Alex Johnson | 17 April 2023 | 1 minute read
Firms looking to sell charge 8 basis points below average while firms looking to purchase are charging 14 basis points above average. On-going advice fees are the largest contributor to the discrepancy.
The difference in fees may cause acquirers difficulty in moving client assets from acquired firms.
Average fee charge
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Alex Johnson, Quantitative Analyst at NextWealth