How Advisors Charge For Planning

About a month or so ago, Christopher Lyman and Grant Holdren launched an experiment. Holdren recently bought Allied Financial Advisors, a 30- plus-year old firm in Newtown, Pa., that for years charged clients the usual 1% AUM fee. “We started to get younger clients who were really balking at that fee and looking for alternative ways to compensate us,” says Lyman, whose…