How the Financial Advice Industry is Changing (Tadas with Cullen Roche)
\u201cThis is going to be life and death for many advisors. Legacy firms with massive overhead and fixed high fee AUM structures will struggle to compete with the coming change in fee structures. Firms that are able to move to a leaner and more tech based platform will outperform as they make up for lost revenue with fatter margins.\u201d\nCullen Roche who blogs at Pragmatic Capitalism has been a mainstay of the financial blogsophere for over ten years now. Tadas got Cullen on the phone to talk about a recent post of his entitled \u201cHow the Fee Structure of Financial Advisory Will Change in the Future\u201d where he talks about the significant changes facing the wealth management industry..\nYou can read more about Cullen\u2019s at his blog Pragmatic Capitalism:\nhttps://www.pragcap.com/how-will-the-fee-structure-of-financial-advisory-change-in-the-future/\nEnable our Alexa skill here - "Alexa, play the Compound show!"\nhttps://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ\nTalk to us about your portfolio or financial plan here:\nhttps://ritholtzwealth.com/\nObviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer if you seriously need this spelled out for you.\nhttps://thereformedbroker.com/terms-and-conditions/\n Hosted on Acast. See acast.com/privacy for more information.\nLearn more about your ad choices. Visit megaphone.fm/adchoices