I'm asking seriously. Either you are ethical or you are not, regardless of the method of compensation. Financial Planners come in as many different varieties as do clients. I tend to agree with you.
Every barrel has it's bad apples.
Method of payment should be disclosed, but is by no means the most important factor in determining competence. As a financial planner, I deal with risk management and when I spot an insurance issue that needs attention, bring in a life underwriter to address it. If an insurance sale results, often a portion of the commission is rebated to the client, who may use it to offset a portion of my fee for other work. If there are investments to be made, I bring in an investment specialist to make recommendations. I have been in the business for a several years and over time I have learn that if you do not implement the six basic principles of financial planning, then you are not doing your job, whether you are fee or commissioned.