This is the result of research by VODW among bankers, advisors and clients. imagine an investment portfolio of 500,000 euro and a client asking for investment ideas on a monthly basis. Advisors think it would be appropriate to ask 6,200 euro per year for this level of service. Clients think it is not worth more than 3,800 euro per year.
This gap clearly sets the challenge for private banks and wealth managers now Dutch Minister of Finance De Jager is banning kick back fees and costs of advise and service have to be charged to clients transparently. Read more … (in Dutch)