Anyone switch their book from commission to fee only? Just curious how it went. Considering it myself.

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It’s the way to build your business for the long term. Good for clients too.

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It will be the best thing you’ve ever done.

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I appreciate the feedback. I know it won’t fit every client and will take time for the ones that do. I don’t want to rush it, but does feel like the right thing to do in many cases.

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When you say fee only, are you talking like hourly rate fee or are you saying you only will do percentage of assets type fee? Two totally different games.

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I doubt I could go fee only, but % of AUM fee. I have several clients where it would make sense to switch, others not so much.

It’s great. Takes patience but way better long term - clients like it better, you get to stop hunting over time and it’s worth more later on

How do you switch existing accounts? Is managed money part of fee only or does that mean charging for the plan only?

You switch what you should, may have to wait on some assets. Going from one fund family to many is usually easy but not for everyone. Usually have to wait on annuities

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