Viewing entries tagged
Plan Fees

Attention Small Plans:  What does your Advisor charge?

Attention Small Plans:  What does your Advisor charge?

Conferences are a great place for us to meet with vendors and other advisors to gain insight, share best practices and identify trends.  Our goal is to gain knowledge that helps us help our clients.  I was recently reviewing the agenda for an upcoming conference and noticed a session titled, “Small Plans, Big Margins”.

ACTIVITY-BASED PRICING: A Modern Approach to Retirement Plan Advice.

ACTIVITY-BASED PRICING: A Modern Approach to Retirement Plan Advice.

After an extensive review of retirement plan services, advice and fees, we arrived at a simple conclusion; it makes more sense to price our services based on what we do for our clients, the liability we assume, and the advice we give rather than an arbitrary percentage of plan assets. The result is what we call Activity-based Pricing.