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EPISODE 232 - SDA Advice Only: An Emerging New Trend
Manage episode 416137881 series 3321104
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In this episode Minh & Debbie chat about our highly requested ‘fee-for-service’ offerings, from reports (data, financial feasibility and more) to consultancy and project management services we offer at an hourly rate or fixed fee retainer. Investors should be given the choice as to how their advisor is being remunerated. Judging from the outcry and backlash of our last episiode (#231), where builders and marketers are rising up in protest against what was said, we say to those who are whispering behind closed doors:
"Y’all must have done some pretty dodgy shit to be ringing around to complain to each other about our last poddy & saying that it should to be taken down. Requests to delete = denied!" LOL. Just keep protesting because we hear everything said, and the continued misconduct will result in more evidence being collected next to names in a little black book 😂
Moving on, though, we feel that the SDA investment sector needs to shift away from "undisclosed commissions" and give more transparency to investors for obvious reasons, not the least being that investors find it very difficult to get the honest and accurate advice. Consumers need correct reporting to make independent investment decisions.
About 15 years ago, we saw the financial services industry move away from a commission-based sector into a fee-for-service system, and we also believe this is the way the SDA investment and advisory sector should head too. Who knows if it will ever happen, maybe 10 years from now, but at least the idea is out there now, for investors to choose how their advisor should be paid.
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