“Financial Planning” has become a universally used term for salespeople.
Unfortunately, when building a retirement portfolio, the last thing you need is to be “sold” anything. I’ve seen clients sit flat over decades in an environment encouraging a buy-and-hold mentality. The Wall Street System has pampered advisors with lavish commissions while doing little to manage the investments actively. The results have been dismal, with almost every mutual fund underperforming the SP500 while the fees keep Wall Street’s pockets lined.