The greater the perceived (or real) complexity,
the less fee pressure typically exists.
Not exact matches
Costs are both financial, including listing
fees and the expenses associated with mandatory disclosures and other regulatory requirements, and
less tangible, such as the perceived burden of quarterly earnings releases, the risk of being targeted by activist investors, and higher visibility that can result in political or competitive
pressure.
Falling
fees and rising costs are putting
pressure on margins, especially for the smallest (
less than $ 100 billion in AUM) managers.
Leasing cribs, baby carriages, high chairs and other supplies can mean
less pressure and baggage
fees for roaming families.
And there are three reasons why they are likely to attempt to stick to this position: they know there are dangers in policy U-turns (think Lib Dem commitments to oppose student
fees); commitment to the renewal of Trident is entrenched in some parts of the party, even if key members of the leadership understand the downsides; and it would be seen as weakness if they succumbed to
pressure from smaller parties with
less credibility and electoral support.
With index - tracking exchange - traded funds charging
fees that are far
less than actively managed mutual funds, the higher - cost investment options that AllianceBernstein (NYSE: AB), Hartford Financial (NYSE: HIG), and other active - management firms have within some 529 plans come under greater
pressure from the state board established to oversee the plans.
Withdrawal of brokerage firms from the equity research business + downward
pressure on
fees + investor reallocation toward index investing have made traditional active management considerably
less lucrative than it was during my working career.
But I am equally sure that once the new regulations are in place and more service providers are competing for this work, it will be hard for the service providers to resist
pressure to keep
fees as low as possible and that means spending
less time on each complaint.
Outside law firms will find themselves competing for
less work, which will put a downward
pressure on
fees.
Similarly, restraints on using outside counsel have not only forced corporate counsel to do more with
less, but also put
pressure on private law firms to contain
fees.
Fee pressures may result in lawyers spending
less time than they should on a matter, or delegating things that they should be doing to a clerk.
World Vision is committed to maximising the amount of donor money that reaches those in need, which means the budgetary
pressures Devoe and her team operate under are as oppressive as those at the most cost - controlled corporate (with the added moral burden of knowing every dollar spent on legal
fees is a dollar
less spent on saving lives).