Now and then instead of typing up a blog that leaves you with only my opinion on something, I would like to ask for comments that express your opinion. Tech-to-tech networking is a great way to learn new things, get fresh ideas, and just bounce things around with like-minded people.
For our first tech-to-tech subject, I would like to ask you about how you price a rebalance (fill). You do not have to share your prices if you are not comfortable doing so, but let us know how you structure your pricing. A frequent question I hear is “How do you charge for a rebalance? Do you have a 2-, 3-, and 4-week price? Is it always the same, or do you attempt to disallow anything except 2-week fills?”
For those that charge one set price, is it half of your full set or a certain percentage? Do you keep your clients on a strict bi- or tri-weekly schedule?
For those that charge different prices for different weeks, is it a strict policy or client-by-client basis? What is the percentage of the price difference and at what weeks do you charge?
Do you have more 2-week clients or 3-week?
If you post your information or ask a question, please be sure to stop back by in a day or two in case someone has a question or answer for you.
Hope you enjoy this new tech-to-tech segment and come away with some ideas!