Ep 330: Raising And Lowering Fee Minimums To Manage Growth Pace And Advisor Capacity With Ari Weisbard
Financial Advisor Success
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The Importance of Transparency in Accounting
Nominally, it was just kind of 1% of anything under the umbrella that's on your balance sheet. So you were in some blend of like the relatively liquid assets. It would be an additional layer of complexity fee for someone that's got unique circumstances,. But what that also meant was if we wanted to update it over time as our clients wealth increased or to, as our costs with inflation increased, we'd have to do a new amendment to the contract to update the fees.
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