[quote=B24] <H1 =entry-title>SEC Charges Former NAPFA President with Kickback Scheme

http://www.financial-planning.com/news/putman-charged-sec-2662012-1.html?ET=financialplanning:e374:1889013a:&st=email



I guess this proves the whole argument that even fee-only advisors and financial planners are not exempt from “conflicts of interest”.[/quote]



B- Awesome. That’s why I don’t custody client assets. Fo -get -it.



I guess it’s just all about how you look at it. In my mind, when I am using commission-based products, I feel a little conflicted. When I have the option to do whatever I need to do to best manage a client account, then I feel no conflict. Since I get paid the same no matter what.



In this case, they had some sort of an agreement to receive kickbacks. My firm receives no such kickbacks from anybody.