The latest FEI Audit Fee Survey, sponsored by NYSE-Euronext, focuses on audit fees in total, not just Sarbanes-Oxley (SOx) Section 404-related fees.
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More good news for bank consumers: since the January 2011 Bank Fee Survey, average minimum balance requirements to avoid fees are lower, and average monthly checking account maintenance fees (for those who pay them) are also slightly lower.
Almost half of participants in the LIMRA survey who took notice of the new fee disclosures acted as a result.
Salary.com, a 14-year-old career website owned by IBM that supplies job seekers with free general salary information and more detailed information for a fee, just released a survey where it asked workers how they waste time at work.
But in its survey, Cerulli found that, in reality, the average fee was 2.11%.
Our tipsters have told us that the company is pitching (via a survey, of course) to hit three price points for customers, each fee buying a smartphone and the first month's service.
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There was no monthly maintenance fee at 45.8 percent of the accounts at small banks in the survey, whereas only 21 percent of the accounts at large banks were free of those fees.
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Yet the majority of survey respondents (about 60%) said that the outcome-based model with its fixed fee pricing is more effective.
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The average advisor fee is 0.90% per year according to the Advisor Benchmarking 2009 Annual Survey results, however, fees charged by individual advisors run the gamut from very low cost (0.25%) to irrationally high (3.0%).
The survey listed Amalgamated Bank, BMW Bank, Capital One, Discover and Tompkins Trust as charging no fee for purchases made abroad.
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