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Q120 - Are There Platform Fees In The RIA Model?
“Platform fees” in our industry are the “resort fees” of the hotel industry.
Just as a hotel room rate can be distorted by the addition of mandatory resort fees……payouts (particularly at independent broker/dealer models) are frequently distorted by additional platforms fees.
The existence of a fee by itself is not necessarily a bad thing, provided the value and services received in return are commensurate.
The first step in determining that is identifying when platform fees are present.
While such fees are most often associated with independent broker/dealer models, there are scenarios where…
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