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Invest Like the Best with Patrick O'Shaughnessy
Michael Kitces – The Past, Present & Future of Financial Advice - [Invest Like the Best, EP.122]
Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Hear stock market and boardroom insights you can't find anywhere else. If you're a professional investor, CEO, entrepreneur, or business strategist, this is for you. Explore all our episodes and learn more at https://www.colossus.com
Show Notes
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My guest this week is Michael Kitces, who is one of our industries go-to experts on all things financial advise and financial planning.
We discuss the past, present, and future of financial advise, financial technology, and investing. If you are a financial advisor or use one, this conversation is full of great history and perspective. Please enjoy.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
(First Question) – History of financial planning/advice model
– Fee changes in the 1970’s
– The start of the AUM model
– Value proposition for financial advisors beyond trading vs robo-advsiors
– Why Robo-Advisors Will Be No Threat To Real Advisors
– Why are humans still dominating the space
– Future of advisor fees
– Viability of the human driven flat fee model
– The dominance of flat fee models
– What services are financial advisors offering to justify their fees
– Dimensions to divide potential customers
– Exciting updates on the investment side that will help differentiate managers
– Any investment function beyond the basics that is intriguing to him
– Most interesting problems to be solved on the investing and non-investing sides
– Advice for young advisors
– How does he invest his own money
– Kindest thing anyone has done for Michael
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
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