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The chief executive, Paul Reilly, said fees dropped as companies reduced executive ranks.
Investment management fees dropped 2.4 percent because of higher money-market waivers, the bank said in its statement.
The company said revenue from administration fees and investment advisory fees dropped 29percentt from the first quarter of 2008, to $799 million, while performance fees dropped $11 million.
Still, after polling customers, the company found that about three quarters of them said that if the fees dropped, they would deposit significantly more money.
Moreover, the hospital system's liability costs for lawsuits, patient compensation and legal fees dropped, and claims in general were resolved faster than ever before.
The market share of the 10 largest firms, by fees, dropped to 36.3 percent last year, from 42.2 percent in 2007, according to data from Thomson Reuters.
Similar(46)
This Babbage will see his monthly fees drop by two-thirds, while his servers' power has measurably increased.
It is a time of change in figure skating, with television ratings and rights fees dropping and a radically different judging system being refined.
Where the new Virgin plan is a better deal is if you really use more than 1200 voice minutes a month, in which case your fees drop from $60 a month to $55 a month.
The monthly membership fee dropped from $26 a month to... nothing.
However, after Suarez bit Giorgio Chiellini in the match between Uruguay and Italy, his fee dropped by £20m ($33m), to a reported £75m ($125m).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com