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Michael Kitces – The Past, Present & Future of Financial Advice - [Invest Like the Best, EP.122]
Invest Like the Best with Patrick O'Shaughnessy
What's Going to Precipitate That?
Aanawson: Financial adviser business model is built for about five to seven % of the population that has a pile of money and is willing to hand it over in exchange for advice. A big group in the middle are typically called the validators, who may want some advice but don't need any other help at all. But i just think what you're going to find ten to 15 years from now is that flat fees are actually the dominant model," he says.
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