"For the advisor, it is not enough to say you chose the lowest-cost product."

In a byline for Financial Planning, John Anderson, Managing Director of Practice Management Solutions for Independent Advisor Solutions by SEI, explores the current state of fees in the wealth management industry.

He notes that while the industry is touting its drive to lower fees, once additional costs are added in, fees may not actually be much lower. Advisors cannot give one thing away just to overcharge for another. 

John explores areas advisors might consider when assessing their fee structure moving forward. 

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