There’s a fee war brewing, only it’s not the kind you might expect.

It’s not about the dollars or the basis points or even the source. No sooner had the White House declared war on conflicts-of-interest (i.e., where advisors get their fee from) than nefarious elements within our brotherhood sought to immediately change the terms of the debate to how advisor fees are calculated. Can’t we nip this one in the bud before we convince ourselves our services have no economic value?

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