If you are an advisor on the gravy train of grandfathered and trailing commissions and were guaranteed payment, then why bother about going through the business of actually giving regular advice to the payer of the trailing commissions? Money for jam.To ban such a nefarious practice doesn't require any evidence or proof as to whether there is one advisor or many advisors picking up the easy money.There's nothing hard about having a schedule of fees for varying levels of service. That's what other professions do.
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