I think most people will agree with me when I say that we ought to be vilifying problem creators and rewarding problem solvers. For example, society seeks to punish criminials, and hires policemen to protect society from criminal acts.
Is this the case for the financial planning industry?
Having experienced both a tied agency environment as well as an Independent one, I can proclaim that the Independent distribution model is still the best for clients. As I have read in an online forum, “all good financial advisers are IFA”, which reflects my sentiments. The person who wrote this line also quickly followed up in the same sentence – ” but not all IFA are good financial advisers”.
This cannot be further away from the truth.