Why Fee-Only Advisory Firms Are Reshaping Financial Planning
The financial advisory industry is undergoing a quiet transformation. For decades, the line between advice and sales was blurry at best. Many advisors held dual licenses to sell products while also offering planning guidance, which created a natural tension. The client wanted objective advice; the advisor’s compensation often depended on selling specific products. That conflict has been a persistent criticism of the profession, and it is one reason why fee-only advisory firm
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