2min chapter

Financial Advisor Success cover image

Ep 301: Guiding Clients To Design Their Rich Life With A Focus On Spending Dials Not Goals With Ramit Sethi

Financial Advisor Success

CHAPTER

How Much Does $500 an Hour Advisor Cost?

$500 times 10 years is not that much or let's say 12 years. If you have, if you're sitting on $38 million, it's a rounding error. People don't understand the math of how 1% leads to 28% in fees being paid out. There has been extensive training. It's not an accident that AUM, even the acronym itself and 1% has been chosen. And when I show people the math, it absolutely blows their mind.

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