https://www.pricemetrix.com/what-is-the-fee-based-reference-price/

PriceMetrix

What is the Fee-Based Reference Price?

September 8, 2017

Wealth management’s transition to fee-based accounts is gaining momentum with 37% of retail assets in fee-based programs in 2016, up from 33% a year earlier. ValueOne by PriceMetrix has tools that can help you with your fee pricing – fee-based reference price is one of them.

What is the fee-based reference price? It’s the median RoA for similar accounts across the firm or the industry.

To see the fee-based reference price for your accounts, click on the My Lists tab and select Accounts.

Accounts

If the Fee-Based Reference Price (firm) and Fee Based Reference Price (market) columns don’t appear, add them using the “Add/Remove” button.

add remove columns

The “Fee-based reference price (firm)” is the median RoA for similar accounts across the firm while the “Fee-based reference price (market)” is the median RoA for similar accounts in your market/industry based on the location of your firm. (U.S. firms are compared to U.S. ones and Canadian firms are compared to Canadian ones.)

 

account example

When reviewing your own fee-based accounts, you should be asking yourself, “Is my price aligned with the value I deliver to my clients?”

For more on using the fee-based reference price and other features in ValueOne, watch one of our brief video tutorials available here: https://www.pricemetrix.com/resource-center/videos/.