The Long View Eric Simonson: The Case for Flat-Fee Financial Advice
18 snips
Jun 24, 2025 Eric Simonson, CEO of Abundo Wealth and head of the Advice-Only Network, champions a revolutionary approach to financial planning. He discusses the rise of advice-only services, emphasizing transparency and ethical benefits over traditional commission-based models. Eric shares strategies for aligning personal values with financial habits post-COVID, navigating investment strategies in a volatile market, and maximizing travel rewards through savvy spending. His insights on the advantages of flat-fee financial advice are particularly enlightening for those seeking clarity in their financial journeys.
AI Snips
Chapters
Transcript
Episode notes
What Is Advice-Only Financial Advice?
- Advice-only financial planners charge fixed fees without commissions or AUM fees, reducing conflicts of interest.
- This fee structure offers more transparency and inclusivity compared to traditional commission or AUM models.
Choosing Fee Structures Wisely
- Use hourly or project-based advice for specific, one-time financial questions.
- Opt for monthly subscription or ongoing planning if you need continuous help through life's changes.
Benefits of Advice-Only Model
- Choose advice-only financial planners to avoid conflicts of interest tied to commissions or AUM fees.
- This model typically offers more affordable, transparent fees and serves clients regardless of asset size.