Q2 market letter is out — what we changed in client portfolios, and what we deliberately did not.

The four questions that reveal what an adviser really costs

Headline percentages hide platform charges, fund costs and trading spreads. Here is the arithmetic that surfaces all of it.

Ask any adviser these four questions in writing: what do you charge, what does the platform charge, what do the underlying funds charge, and what do you receive from anybody other than me. The fourth question is the one that changes the conversation.

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