A tightening compliance regime intersects with advancing technology to unleash a commoditization of accumulation-focused investment advice. And it doesn’t stop until that type of advice is free.
This is not to say that advisors’ personal relationships with clients is unimportant. But it does say that there will be continual downward pressure on fees advisors can charge for accumulation-focused advice.
Better to separate yourself from the herd, acquire critical income planning skills, and focus on the dynamic “constrained” investor market. That’s how to preserve your continuing success.