There was an interesting article recently in the Wall Street Journal on the role and fee structure of financial advice. See: http://blogs.wsj.com/moneybeat/2014/03/07/the-incredible-shrinking-management-fee/
ETFs have made it so simple to invest (that is, if you believe in efficient markets) that perhaps it is time to reevaluate the percent of assets under management (AUM) fee structure. I like the idea that in the future, financial advice may involve
specialized individuals working together under one roof (financial advisor, accountant,
lawyer, etc.).
It will be interesting to see if WiseBanyan succeeds.
