There has been no shortage of chatter of late about the future of financial advice. Specifically, how are advisors going to structure their practices and how will they get paid for their work? The rise of passive investing, ETFs, model portfolios and falling expense ratios have all put the fees investors pay their advisors in stark contrast.
Cullen Roche (@cullenroche) who blogs at Pragmatic Capitalism has been a mainstay of the financial blogsophere for over ten years now. I recently got the opportunity to get Cullen on the phone Skype to talk about a recent post of his: “How the Fee Structure of Financial Advisory Will Change in the Future.”* In that post Cullen talks about the significant changes facing the wealth management industry. I hope you enjoy the discussion as much as I did.
*Cullen is also a good sport. ? He agreed to re-record this discussion after I had technical difficulties the first time around.
This is another episode in our series of “mini-pods” on The Compound Show.
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