Schroders adviser survey: 75bps 'new norm' as smaller investors lose out

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Financial advisers' fees have been going up in 2015 as they have increasingly segmented their client bases by asset size, according to the results of the latest Schroders Adviser Survey.

The survey, which covered 575 financial advisers, was conducted in November, marking its fourth year running. Schroders study: Morningstar loses rating service top spot It found an increasing number of respondents have been charging an average of 75bps, taking over from 50bps as the most popular average fee. Some 35% of advisers now charge 75bps, up from 30% last year, and 29% in total charge 100bps or higher, up from 20% the previous year; 35% charge an average of 50bps, a drop of 10 percentage points. Robin Stoakley (pictured), head of UK intermediary at Schroders, said: "There...