76 - Drawdown Decisions
TRAP: The Real Adviser Podcast
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Wealth Management Disruption
This chapter examines a report from Ytree revealing that 94.1% of UK wealth managers fail to outperform market indices, emphasizing the need for improved financial planning over expensive portfolio management. It explores the enduring appeal of luxurious financial products among ultra-high-net-worth individuals, despite cheaper alternatives. The conversation also highlights the benefits of targeting the mass affluent and the challenges of managing high-net-worth clients, advocating for more efficient advisory relationships.
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