With new regulations and shifting consumer demands, wealth management providers have renewed interest in aligning their priorities with their customers and clearly conveying the value they deliver. As a result, many advisors are shaking up their fee structures to become more efficient, keep up with changing regulations, and maintain profitability in uncertain markets.
Understanding the True Cost of Compliance
Managing regulatory risk is more than just a cost of doing business and it continues to grow as a strategic advantage for firms who do it well. Most high-performing firms dedicate significant time and energy protecting reputational goodwill, ensuring the best interests of their clients and securely storing customer data.
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