6 years ago I decided to not fight the tide and switched to fee-only. Don't take Bob Veres so seriously. More clients probably have been screweed because of all the puff pieces about limited partnerships that he wrote and edited in the 1980s than by all the mistakes you've ever made collectively. And what's the difference between charging a fee for asset management with no-load funds and using C shares, a la Ric Edelman. To me, it's only semantics.
Most mutual funds charge slightly more than that and the fund managers do all the work.
Just an observation. Well, something like that. I work tirelessly for my clients both on the asset mgmt side and the financial planning side. It's my choice. You and I both know that this is not true.