#093 – Advisory fees...the good, the bad, the ugly
Retirement Planning Education, with Andy Panko
Andy Panko
4.9 • 1.1K Ratings
🗓️ 4 April 2024
⏱️ 92 minutes
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| 0:00.0 | Let's talk about advisory fees. This is the one you've been waiting for. And this is the 93rd episode of the Retirement Planning Education Podcast. |
| 0:12.0 | Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, social security, Medicare, portfolio |
| 0:22.8 | withdrawal strategies, annuities, estate planning, and much more. And now here's your host, Andy Panko. |
| 0:29.8 | Welcome back, everybody. Today is my talk about fees, fees in the advisory industry. |
| 0:39.8 | I can already feel the weight of lots of other advisors rolling their eyes at me from their headphones, behind their headphones. |
| 0:45.5 | This will be an informative one. I think it's an important one to know about and to discuss, |
| 0:52.6 | to think about. it's a somewhat |
| 0:54.8 | controversial one it's definitely a hot topic it very much divides a lot of the |
| 1:00.2 | industry for better or worse but I think I mean I can say firsthand that the |
| 1:05.9 | industry is trending towards some changes in the advisory fee structures offered. There's lots of momentum |
| 1:14.7 | that I've witnessed in my few years since starting my business and that momentum seems to be |
| 1:19.3 | growing. So I'm not saying in my lifetime, the fee environment will be completely overhauled |
| 1:25.6 | throughout the advisory industry, but there will be |
| 1:27.7 | nonetheless substantial changes to it and many more advisors offering varied fee structures, |
| 1:35.0 | service offerings, et cetera, over the next 10, 20 years or whatever. So I'm excited to see where |
| 1:41.1 | it goes. So this will be a good one, but before we get into it, I just wanted to let you know that I've started a boat building business in my attic. |
| 1:49.8 | Man, sales are going through the roof. |
| 1:52.8 | Do you get it? |
| 1:54.2 | Okay, cool. |
| 1:55.0 | Moving on. |
| 1:55.7 | I don't have my sound machine here because I'm recording from home again today. |
| 2:00.0 | My fancy little soundboards at the office. |
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