TRAP: The Real Adviser Podcast cover image

22 - Dispensing The Vitamin C

TRAP: The Real Adviser Podcast

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The Impact of Cash Skims on Platforms

All the big platforms in the US have technically brought their frees down to zero because of this skim. The typical platform has cash of 10%. Transact is lower because it's advice clients, so they're doing less mistakes. I just think as advisors, we need to do more due diligence on these things.

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