Analysis
Why Flat-Fee Financial Planning Is Changing How People Get Advice
For decades, the standard model for financial advice was simple: pay a percentage of the assets you have under management, or buy a product and the advisor earns a commission. That worked well for people with large portfolios, but it left a lot of people out. If you didn't have enough assets to justify the annual fee, or if you just wanted guidance without handing over control of your investments, the options were slim. That's changing now, and the shift is largely driven by
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