Hedware, I will use your argument with just a few words changed - and lets see if you agree.If you are an (INSERT Industry Fund to REPLACE advisor) on the gravy train of (insert Inter Fund advice fees to replace 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 (INSERT all members being charged for inter fund advice fees to REPLACE trailing commissions)? Money for jam.To ban such a nefarious practice doesn't require any evidence or proof as to whether there is one (INSERT Industry Fund or many funds to REPLACE 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.
Have I made a good argument?
Don't go all shy on us now.
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