Price tags these days on money management firms are steep. But one industry insider expects the cost of institutional money managers to come down before the cost of mutual fund firms.

"The market has been so strong for so many years that people have forgotten how vulnerable this can be," said P. Andrews McLane, a managing director at TA Associates, Boston. Consultants who tell institutions which money managers to use are quick to suggest switching firms when performance starts to go south, he said.

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