For the first time, more of advisors’ total revenues are coming from fees than commissions.

A new white paper by CLS Investments examines how more advisors are embracing fee-based business models and transitioning away from a commission-based transactional approach.

According to the paper, titled Making the Switch: The Benefits of Moving to a Fee-based Model, advisors now derive 46% of their total revenues from fees, versus 45% in commissions.

The paper says that in the coming years advisors are expected to derive more than 55% of their revenues from fees.

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