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Managed account programs resist fee compression

With the exception of unified managed accounts, Cerulli found that explicit fees charged for managed accounts havent changed much between 2008 and 2014

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(AP Photo/Mary Altaffer, File)

Explicit fees charged for managed accounts are pretty much resistant to compression, according to new research from consultant Cerulli Associates. In addition, there’s still disagreement within the industry about whether consumers actually understand the fees they pay.

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