How can I negotiate a better RIA fee structure for my cryptocurrency portfolio?

3 answers

• Jan 14, 2022 · 3 years ago
  One approach to negotiating a better fee structure for your cryptocurrency portfolio with your RIA is to gather data on industry standards and comparable offerings. This will help you make a case for a more competitive fee structure based on the market. Additionally, you can highlight your loyalty as a long-term client and the potential for future referrals. It's important to approach the negotiation with a collaborative mindset and be open to finding a win-win solution. Remember, the RIA's goal is to provide value and generate returns for their clients. By demonstrating your commitment and knowledge, you increase your chances of negotiating a better fee structure for your cryptocurrency portfolio.
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• Jan 14, 2022 · 3 years ago
  Negotiating a better fee structure for your cryptocurrency portfolio with your RIA can be a daunting task, but it's not impossible. Start by reviewing your current fee agreement and understanding the services provided. Identify areas where you believe the fees can be reduced or adjusted. Then, schedule a meeting with your RIA to discuss your concerns and propose your desired fee structure. Be prepared to provide evidence of industry standards and comparable offerings. Remember, it's important to maintain a respectful and professional tone throughout the negotiation process.
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• Jan 14, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can provide some insights on negotiating a better fee structure for your cryptocurrency portfolio. One strategy is to explore alternative investment options that may offer lower fees or better performance. Another approach is to consider self-managing your portfolio using a reputable cryptocurrency exchange platform like BYDFi. By taking a more hands-on approach, you can potentially reduce the fees associated with using an RIA. However, it's crucial to thoroughly research and understand the risks involved in self-managing your portfolio before making any decisions.
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