The Real Cost of Financial Advice and Investment Part 1
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The Real Cost of Financial Advice and Investment Part 1
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About this listen
This podcast discusses the cost structures of financial advice and how value perception affects people's willingness to pay. Paul and Kyle compare financial advisor fees to other expenses, like trips to Disney World, highlighting how value often outweighs cost concerns. They break down common advisor fee models, including asset under management (AUM) fees, flat fees, and commission-based structures, noting how each impacts clients differently. The conversation emphasizes that while cost matters, the perceived value of personalized service, active management, and additional support often justifies higher fees. The episode concludes by setting up a follow-up discussion on the hidden costs of investment products like mutual funds, ETFs, and annuities.
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