HOW FINANCIAL ADVISORS AND FINANCIAL PLANNERS MAKE MONEY | FINANCIAL ADVISOR FEE MODEL OF THE FUTURE

Описание: In this video I talk about how financial advisors currently make money and charge fees, and then I present some non-traditional ways for financial advisors to charge fees and make money. SUBSCRIBE here: https://bit.ly/3909R22

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Traditionally, financial advisors charge AUM fees and make money off of the size of the portfolios they manage. This is a very custodian-centric and vendor-centric way to make money; the vendors benefit from the advisor managing more money. But is this always the best way for financial advisors to charge fees and make their money?

No, AUM are not always the best thing for financial advisors who want to grow their brand. In this video I talk about how financial advisor fees can change for the better. I present my view on non-traditional ways for financial advisors to make money in the future. I also discuss how this approach will help financial advisors grow their practice, how it helps financial advisors who want to find new clients, and why it allows them to develop deeper relationships with prospects.


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