Dec 15, 2011
Wall Street Journal-Recurring asset-based fees help build a lasting bond between clients and advisers, says Michael Finke, a personal-financial-planning professor at Texas Tech University. 'It's a long-term proposition where you derive your compensation from your client on a regular basis,' he says. 'There is some incentive to provide a greater breadth of financial services when you have a long-term relationship.'
tags : Texas Tech in the News