Community Foundations Topical Call: Managing Fee-For-Service Philanthropy Advising and Consulting Work
Posted on September 6, 2023 by Ana Akhtar, J.M. Johnson, Colleen McCarthy Blair, Tony Macklin
The wealth management industry has steadily increased fee-based advisory services, complementing or entirely replacing income earned from assets under management. Two drivers of this shift are the competition from lost-cost investing options shrinking firms’ profit margins, and the interest of rising generations and mass-affluent clients in fee transparency. Community foundations have also been experimenting with fee-based advisory and grantmaking services,… Read More
