Ultimately, it's up to Nora and other clients paying advisers by AUM
to decide if the investment advice they're receiving, perhaps supplemented by other financial planning, is worth the money they pay every year.
They observe that because many firms using retainer fees set their fees so that they generate the same revenue as an AUM
fee, the switch feels more like a repackaging than a fee overhaul.
Given the crossroads that advisors face in being forced to choose whether they will provide alpha or gamma (or both) to clients, the secondary question arises: is an AUM
fee still the appropriate mechanism to charge client for these value propositions?
Shinrikyo staged two rounds of sarin nerve gas attacks -- against the Tokyo subway system and in a residential area in the city of Matsumoto, Nagano Prefecture, in 1994.
This incident was largely forgotten until, in the aftermath of the March 1995 sarin gas attack on the Tokyo subway system, police investigations uncovered evidence that Aum
Shinrikyo was involved in bioterrorism.
Niimi is the only AUM
member who has been indicted in all seven murder cases along with Asahara, the alleged mastermind behind the crimes.
The progressive millennial emphasis in Aum
changed in 1989-1990 as Asahara felt depleted from giving shaktipat to so many people, and despaired if he could in fact save the world.
Police revealed Tuesday that several computer software companies linked to AUM
developed about 100 systems for some 90 central and local government ministries and major companies.
NTT Communications is one of four NTT group companies which are believed to have placed a total of 10 orders for computer software from firms linked to AUM
, many of whose members have been convicted in a series of crimes including the deadly Tokyo subway gassing.
A number of AUM
members, including founder Shoko Asahara, have been charged with murder and attempted murder in the 1995 sarin gas attack on Tokyo's subway system, along with other crimes.
From March 22 until the August observance of the 50th anniversary of the end of the Pacific War, the police investigation of Aum
completely dominated the news in Japan.
2 Apollo's Capital Markets AUM
as of December 31, 2011 was approximately $32 billion.