When people ask me why I'm such a strong advocate for fee-only financial planning, my answer is simple: I've seen the entire financial advice ecosystem from the inside — how it works when financial adviser incentives are aligned with the client and how it breaks down when they're not.
My perspective wasn't formed overnight. It evolved over more than four decades, beginning long before "fiduciary" became a household word and well before fee-only advice was widely understood or accepted.
