Philippines Wealth Management Forum 2019 - Highlights - Robert B. Ramos
Dr. Robert Ramos
Senior Vice President, Trust Officer and Chief Investment Officer
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Fee compression, I think there's more competition right now and asset returns are not as high as they used to be. So I think fee compression is one. The second is the cost of complying to regulations. So you have to hire more people who are working on the risk and compliance side so you have to make more money to make sure those fees are paid.