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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 30 Grand a Year of Cash in 30 Years?
Most advisers can be wildly successful with about 50 great clients. If you see an adviser that's got materially more than a hundred clients, i guarantee they haven't talked to a big chunk of them in one or three or five years. The 80 20 rule tends to hold pretty strongly. And so even your 200 plus clients, most of your profits and success comes from your top forty or 50 clients. Most individual advisers who are not huge and never going to be huge, li i just want my client to get paid my dollars.
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