Ndubuisi 'Andy' Egwim criticizes high fees charged by financial advisors, especially to doctors, arguing many doctors pay 2–3% (sometimes 1% or 2% if above $1M) and often don't know their fee rates. He compares these fees unfavorably to pension provider charges.
Because the fees matter. If you're paying a financial advisor 1%. I've seen financial advisors or all these platform, they're going all around doing financial education and all stuff, and they're charging 3% to doctors. I'm like, isn't this criminal? And a lot of those doctors, when you ask them how much are you paying? They don't know. Some charge 2%, sometimes 3%. If you're above a million, maybe they charge you like 2%. If you have those doctors, how much they are really, that is more than what many pension providers charge you. Jump providers.
