The top securities regulator in the commonwealth is pushing for more transparency when it comes to how investment advisers assess their fees.

Secretary of the Commonwealth William F. Galvin is soliciting public comment on a proposal that would simplify existing investment adviser disclosure requirements. The proposal requires investment advisers registered with the Massachusetts Securities Division to create a standalone fee table to be given to new and existing advisory clients.

“Recent changes in the financial services industry, many fueled by fintech innovations, have resulted in evolving fee structures for investment advisers,” Galvin said in a statement. “It is no longer the case that advisers simply charge their clients a fee for assets under management.”

It is not uncommon for consumers to pay different types of fees for advisory services including retainer fees, subscription fees and third-party robo-adviser fees, according to Galvin.

“The fee table that my Securities Division is proposing is intended to address these new fee models by increasing transparency,” he said. “The table is also intended to make fees and costs more understandable and to enable investors and savers to make informed comparisons between investment advisers.”

The Securities Division will hold a public hearing to receive testimony on the proposed amendments to its regulations at 10 a.m. on May 2, 2019, on the 17th floor of 1 Ashburton Place in Boston.