I have to ask - and I am not looking to start a fight here, I am truly curious as to the discussion and your thoughts on this - but are you not licensed through a major financial institution, Slava? And MoneyGuy, who is your dealer? (without naming names)
The reason I ask is that I don't think anyone who is licensed through a product provider is, or can be, truly independent.
In order to be truly independent, an advisor needs to be a true fiduciary, with no ties or relationships of any kind with any financial institutions. I find that, in our industry, the word independent means as independent as possible, instead of truly independent.
And of course - as you mentioned earlier Slava - the lack of clear definitions is a real problem. Anyone can call themselves an advisor or a planner - and even a portfolio manager.
It's a dog's breakfast.
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