The Big Profit Squeeze All Advisors Face | By Matt Lynch
FROM THE DECEMBER 2016 ISSUE OF INVESTMENT ADVISOR MAGAZINE
As the industry looks ahead to 2017, many executives are concerned about profit margins. The cost of complying with new Department of Labor regulations adds to the inexorable upward march of costs, while new competition from digital advisors (yes, we’re talking about robos) has advisors and service providers worried about fees. Costs up, revenues static or down — it’s your classic margin squeeze, which causes small firms to suffer and medium to large firms to band together in search of scale.
This article is one in a series that examines trends in the industry and the 3-C's that all financial firms must consider if they are to survive in today's challenging and complex landscape.
Read full article: The Big Profit Squeeze All Advisors Face By Matt Lynch, Managing Partner, Strategy & Resources, LLC., December 2016