BOSTON–(BUSINESS WIRE)–Jul 27, 2021–
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the findings of its Low-Cost Investing Survey, which reveals a lack of general understanding persists about the management costs and advisory fees investors pay, despite the financial industry’s efforts to make fees more transparent.
Nearly half of investors believe the management costs of investments like mutual funds and ETFs are already included in the fee they pay their advisor or investment platform. (State Street Global Advisors Low-Cost Investing Survey)
About State Street Global Advisors Low-Cost Investing Survey
State Street Global Advisors, in partnership with A2B Planning and our field partner, Prodege, conducted an online survey among a nationally representative sample of adults. Data was collected from June 18 – June 20, 2021. For our Custom “Low Cost” Analysis, we analyze 224 adults with Investable Assets (IA) of $250K or more.
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