The Cost of Advice
Cody discusses the impact of asset management fees on long-term investment growth, emphasizing how a seemingly small 1% fee can significantly erode returns over time. He highlights the shift towards advice-only services that prioritize comprehensive financial education without the obligation of investment management. Reflecting on his personal journey, he illustrates how quickly one can transition into financial literacy, even from a completely different career.In this clip
From this podcast
ChooseFI
352 | The DIY Financial Plan
Related Questions
Why would I want to use a financial advisor that charges Asset Under Management (AUM) fees?
Why would I want to use a financial advisor that charges Asset Under Management (AUM) fees as discussed in the episode 140R | The Real Cost Of A Financial Advisor and the clip Understanding Financial Advisors?
Why would I want to use a financial advisor that charges Asset Under Management (AUM) fees as discussed in the episode Why You Need a Financial Planner— and No, You Don’t Need To Be Rich To Have One! and the clip Understanding Advisor Fees?