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As the financial services industry moved to a fee-based model, many firms started to ‘bundle’ their services. For example, investment management may be bundled with financial planning.
But are clients really getting maximum value from bundled services?
In this episode, Derek Myron, CFP®, Managing Director, and Sean Clark, Director of Financial Planning, explore the benefits of unbundling financial services, especially for high-net-worth individuals and founder-led business owners.
Derek and Sean discuss:
- The evolution of financial services toward fee-based RIAs
- The distinction between “above the line” and “below the line” services
- The value of income tax planning, wealth transfer planning, and balance sheet optimization
- What to do if you feel you’re underserved (or need help finding a new professional)
- Helpful advice for business owners considering selling their business
- And more
Related: Top Mistakes Wealthy Families Make in Estate Planning