News | 09.03.19
Fund Companies Cut Costs to Protect Shrinking Profits
Fund companies are starting to cut the amount they pay their portfolio managers, as downward pressure on fees forces the sector to take action to protect profit margins. While overall management fees have fallen continuously since 2015, advisory fees have not decreased at the same rate. According to analysis by Fitz Partners, investment companies have reduced their headline management fees by 19.4 percent since 2015, while average investment advisory fees increased, before starting to decline last year.
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