Fee-based compensation models continue to grow for Ascensus,
as the retirement plan and college savings service provider saw increases of more
than three quarters of new plans falling into fee-for-service categories, the
Data from Ascensus’s recordkeeping platform found that use
of this model continues to soar among advisers; a large surge since 2011, when
only 19% of new plans on Ascensus’s platform maintained a fee-for-service
Ascensus believes that this continuous move toward transparent pricing will push more advisers to change their current businesses
from commission-to fee-based models.
“Our unparalleled experience in this area can help advisers
align their practices with new industry standards and the needs of their
clients,” says Michael Narkoff, executive vice president of sales at Ascensus.
In addition to transparent pricing, Ascensus says it offers a “conflict-free
pricing philosophy,” which guarantees that alterations to client investment
menus will have no effect on recordkeeping fees, essentially allowing advisers
to satisfy fiduciary duties, and at the same time, offer the best options for
clients at lower costs.