CAIS Cuts Fees, Seeking to ‘Democratize’ Alternative Investments

With a rush of individuals exploring alternative assets for the first time, a platform dedicated to that space is slashing fees that it says affect portfolio performance for such investments.

CAIS, which works with more than 34,000 financial advisers, is cutting fees to as low as 0.05% for feeder funds that direct investors to alternative assets. The firm currently charges as much as 0.20%, according to people familiar with the matter.