Gray will succeed Winestock in joining the Committee comprised of the companyâs 12 most senior executives. In his new position, the 51-year-old Gray will join UPSâs Management Committee, comprised of the companyâs 12 most senior executives.
Assets Under Management (AUM) Assets under management (AUM) refers to the total market value of investments managed by a mutual fund, money management firm, hedge fund, portfolio manager, or other financial services company. AUM generally changes according to the flow of money into and out of a particular fund or company.
Thus, the point here is not that AUM is the only model to operate and that retainer fees canât or will never work; the point is that for clients where AUM fees can work, using a retainer model just raises the saliency of the advisorâs payments, cutting down on the number of new clients, reducing client retention rates as more clients question whether itâs really worth renewing the retainer fee, and putting pressure on the firmâs profit margins as inflation may push staff and overhead ...