White Coat Investor Podcast cover image

WCI #380: Michael Kitces on the State of Financial Planning

White Coat Investor Podcast

CHAPTER

The Costs and Models of Financial Advising

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.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner