The need for financial advice is rising and investors are willing to pay for it, despite the pricing pressure in the wealth management space. Cerulli's latest research, US Retail Investor Advice Relationships 2020: Accentuating the Value of Advice, shows that 82% of adviser-reliant clients believe the advice they are receiving is worth the price. Cerulli expects the costs of underlying investments to continue to decrease while advisory fee levels remain more resistant to erosion. Demand...
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