This chapter explores the various costs involved in hiring financial advisors and compares these with other professional services such as law and accounting. It discusses different fee structures, including hourly billing, AUM, and subscription models, highlighting their impact on client-advisor relationships and advisor productivity. The chapter also sheds light on the challenges financial advisors face in client acquisition and service provision, emphasizing the importance of understanding pricing to ensure value for clients.
Today Dr. Dahle talks with Michael Kitces, creator of the popular blog Nerds Eye View. He is a CFP (along with many other designations) who has a passion for educating. His platform is huge and he knows more about financial planning and the financial planning industry than just about anyone out there. Today they tackle a range of topics with the higher level focus on the state of the financial planning industry. Michael shares valuable insight on how to find a trust worthy advisor, why he thinks there are so many fewer women working in the financial advising industry, if therapy training should be required for financial advisors and if the good guys in the industry are winning in the court of public opinion. We know you will love those topics and so many others from todays conversation.
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