Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowI was disappointed to read your misleading headline, “Financial planner slapped with suit” on the front page [April 11]. Although you correctly identify United Financial Systems as an “insurance brokerage” firm in the first sentence, the damage had already been done.
Advisers like me spend a significant amount of time helping to educate the public while creating a true profession as a fiduciary for our clients. It’s difficult enough for consumers to understand the difference between financial planner, insurance broker or stockbroker, let alone the difference between “fee-only” and “fee-based” (also known as commission-based) advisers. A misleading headline just adds to the confusion.
____________
John C. Trott
Certified financial planner
Valeo Financial Advisors LLC
Please enable JavaScript to view this content.