Key survey findings include:
- Six out of 10 respondents outsource more than half of their clients’ assets. That includes 37 percent of respondents who outsource 75 percent to 100 percent of client assets.
- For 43 percent of advisors, outsourcing is leading to some changes in fees charged. While more than half (57 percent) of those surveyed say outsourcing has had no effect on fees charged to clients. Almost one-third (28 percent) say they’ve increased fees and 15 percent say fees have decreased.
- Advisors from larger firms that don’t outsource are increasingly burdened with investment management-related tasks. More than six out of 10 advisors from larger firms report spending nearly two full workdays a week on three key investment management tasks.