"Assuming that both approaches cost the investor the same amount, most investors (59%) continue to prefer to pay fees that are part of their mutual funds, while 33% would prefer to pay for advice separately.” Source: Canadian Investors' Perceptions of Mutual Funds and the Mutual Fund Industry 2011 report . The Report notes “The general preference for including advisor compensation in the structure of the mutual fund is constant across all demographic groups and investor types. For example, higher value investors are no more or less likely to support this approach. There are also no significant differences related to investor age or the size of their investment account." [ Better fee disclosure and performance reporting may alter these numbers. ]
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