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Investors averse to fee based model for advisory: Cerulli

Confirming what bankers who have struggled to convince Asian clients to adopt the discretionary portfolio management method, Boston-based research firm Cerulli Associates says investors would rather pay a commission for the advice they receive rather than a fee based on assets under management. About 47 percent of 7,800 households surveyed prefer paying commissions, compared with 27 percent that would rather…

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