By Dr. David Graham, Guest Writer

I think The White Coat Investor should start managing money, even though all paths in the investment world eventually lead to AUM fees. As a WCI reader, I assume you know something about the business models for managing money; if you need some background, read how to find a good financial advisor.

Considering that WCI stands for the best financial treatment of physicians and other high-income professionals, is an AUM fee inevitable in case Dr. Jim Dahle starts offering financial advice to his readers? Or is there a better way to manage that?

Just to be clear, this is just a thought experiment. As far as I know, Jim has no plans to start providing financial advice or investment services. But let’s continue with this experiment and play out the pros and cons of him charging an AUM fee for financial services.

WCI Objections

Keep reading this article on The White Coat Investor.

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