A Dallas money manager is launching an investment account that won’t charge fees unless it beats the market, joining a broader reduction in the price of investing as firms duel for increasingly cost-conscious clients. Westwood Holdings Group Inc.’s Zero-Based Sensible Fees accounts will carry no base costs. If the manager outperforms, it stands to keep 20% to 40% of those excess returns. The firm is also rolling out another account that bases its fees on risk-adjusted returns.

Source: Wall Street Journal March 28, 2019 15:56 UTC