Summary: The ‘popular’ view of the world of financial advisors these days is that we’re all in a collective race for size and economies of scale, because only the largest can survive and everyone else is doomed to a world of declining profit margins as the overhead costs of running an advisory firm grind their income down to nothing.
 The solo practitioner advisor is not only not dying off in the face of large-firm and robo competitors, but appears to actually be capable of surviving and thriving by leverage staff and technology to serve those clients effectively."Michael Kitces, Nerd's Eye View. |
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