US investors prefer to pay fees over commissions to advisers

US investors prefer to pay a fee instead of commission to their financial adviser as the percentage of fee-based assets has increased from 26% to 45% between 2008 and year-end 2017, research from global consulting firm Cerulli shows.  "Investors' fee preferences are largely bifurcated between advisor-reliant investors who favor asset-based fees and do-it-yourself investors who prefer commission arrangements," said Scott Smith, director at Cerulli. "Investors who regularly work with advi...