Navigating Wealth How High Net Worth Individuals Spend Their Money ft. Long Angle's 2025 Survey | Navigating Wealth
49 snips
Dec 10, 2025 Discover intriguing insights from a recent survey revealing that 20% of high net worth individuals don’t use CPAs, with 42% considering switching. The disparity in satisfaction between personal trainers and personal assistants is eye-opening, as trainers score 9.3 while assistants sit at 6.7. Explore the debate between AUM and fee-based wealth management models, along with the steep variation in estate planning costs. The hosts also navigate the future of family office services and the challenge of finding quality personal trainers.
AI Snips
Chapters
Transcript
Episode notes
Set CPA Expectations Up Front
- Clarify expectations with your CPA up front about whether you want strategic tax planning or just return preparation.
- Ask explicitly what services are included to avoid surprises about scope and fees.
AUM Persists For Incentive Reasons
- Only ~30% of members use a wealth manager and among them AUM and non-AUM pricing split roughly evenly.
- AUM persists because top advisors prefer to serve fewer, higher-paying clients and align incentives with capacity.
Use Fixed Fees After An Exit
- Consider fee-only or fixed-fee advisors for planning after an exit; they can offer year-long setups for a fixed price.
- Use a retainer plus hourly model for ongoing access and deeper work when needed.