Love it or hate it, DOGE (the Department of Government Efficiency) is a disruptor, and its core mission of slashing unnecessary government spending might just spur some similar investigations by financial advisors everywhere. If DOGE can shake up federal budgeting, what dusty corners of your own financial arrangements could use a fresh look?

Let’s be honest; the comfort of routine can lead to complacency. Many advisors have nestled into the same broker-dealer relationships for over a decade without pausing to ask, “What am I actually paying these fees for?” It’s time to channel your inner DOGE and sniff out the financial leaks that could be slowly draining your resources.

Think about it—when was the last time you really scrutinized what you’re getting in return for your broker-dealer admin fees? If your answer is a shrug or a hesitant “um,” then you’re probably overdue for a check-up. Just like DOGE aims to eliminate government waste, you should aim to cut any fat that’s not serving your business.

And let’s face it, questioning your BD’s fee structure isn’t just about being thrifty; it’s about demanding value for every dollar you spend. Why settle for the status quo when it could be silently costing you tens of thousands of dollars each year? 

This is where 3xEquity enters, offering a complimentary fee analysis to help you determine if you’re just tossing money out the window. Are the services you’re paying for still relevant? Are there hidden costs nibbling away at your profits? It’s time to find out. You might discover that a switch to a new broker-dealer could mean a million dollars or more in increased income without growing your AUM.

Don’t let inertia be the reason you stick with an outdated fee arrangement. Visit 3xEquity to learn more about their fee analysis service. Make an informed decision about your broker-dealer relationship and ensure that every dollar you spend works as hard as you do.

Remember, when it comes to your practice, just like in government, ignorance isn’t bliss—it’s expensive. So take a leaf out of DOGE’s book: cut the waste, not the essentials, and make sure you’re getting the maximum bang for your buck.