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

Why You Shouldn't Charge Even Premium Fees

If a prospect for a financial advisor goes and says, like, all right, I have like $150,000 in this account and I have a higher income now and et cetera. And I want to pay $5,000 for an engagement with you,. To me, that's a no brainer. It fits the ethical barometer. If they had all the information and motivation in the world, would they make? Would they spend $ 5,000 in order to probably make way more over the course of the next 10 to 20 years? Yes. That for me is the distinction between charging even premium fees versus a UM. Advisors who charge a UM don't usually agree

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