Listen to This Podcast Episode Here

by Patrick O’Shaughnessy

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

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Show Notes

1:08 – (First Question) – History of financial
planning/advice model

5:26 – Fee changes in the 1970’s

10:01 – The start of the AUM model

10:44 – Value proposition for financial advisors beyond
trading vs robo-advsiors

            11:49 – Why
Robo-Advisors Will Be No Threat To Real Advisors

18:20 – Why are humans still dominating the space

23:58 – Future of advisor fees

32:50 – Viability of the human driven flat fee model

37:50 – The dominance of flat fee models

43:13 – What services are financial advisors offering to
justify their fees

47:17 – Dimensions to divide potential customers

52:20 – Exciting updates on the investment side that will
help differentiate managers

55:37 – Any investment function beyond the basics that is
intriguing to him

58:45 – Most interesting problems to be solved on the
investing and non-investing sides

1:04:52 – Advice for young advisors

1:09:24 – How does he invest his own money

1:11:31 – Kindest thing anyone has done for Michael

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