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independence of financial planners

Discussion in 'Financial Planning' started by newcomer, 10th Feb, 2010.

  1. newcomer

    newcomer New Member

    9th Feb, 2010
    Financial planners have recently received some bad publicity.

    Amongst other things, they have been accused of flogging products for which they receive a commission from 3rd parties but which are not in the best interests of their clients.

    I invite opinions as to what percentage of financial planners in our country are truly independent, in a sense that they operate solely on a fee for service (not counting those who say they operate solely on fee for service, but actually charge commissions).

    If you know an independent planner, I would love to hear from you with details.