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Why Paying for Financial Advice Makes Sense

“If you wave a magic wand and give me 100,000 customers, I can design a business that runs profitably,” said Michael Kitces, co-founder of XY Planning Network, a competing network of financial planners that offers monthly subscriptions. “But I have no idea how to get to 100,000 without blowing the whole thing up.”

Even when the advice is truly free, people sometimes don’t want it.

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Tags: investment

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