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Hi Brudgers - Thank you for the feedback. We are evaluating a number of alternative revenue options. (Most come with plenty of regulations and oversight requi
by danieldordine 10y ago
Hi Brudgers - Thank you for the feedback. We are evaluating a number of alternative revenue options. (Most come with plenty of regulations and oversight requirements - the nature of the beast in financial advice/insurance.) I have favored the insurance revenue model (at least in the beginning) because we can be up and running (i.e., open for business) in one or two months, and fund growth strictly off of revenue. But you raise a valuable point. As Vic mentioned, we're hoping to mine the feedback of the financial plan users to determine appetites for buying, etc. The price compression and commoditization in the crowded investment management ("robo") space (i.e., <20 basis points annually on assets) tends to make that approach less attractive in the beginning.