Yup, that's the biggest problem I've had with financial advisors under various names -- they kind of think it's their money, not mine. That has really annoyed me over the years.
I quit doing financial advisors and brokers decades ago because of that. Well, I had an account with Smith Barney until 2000 and yup, he seemed to think it was his money, not mine.
Tired of that. I do think that estate planning and taxes requires a professional. But I don't need or want someone to tell me what my equity allocations percentage should be, let alone giving me investment advice which I don't trust to be in my best interest (as opposed to his/her -- the Schwab disclosures are scary about their associates' compensation, though I love that Schwab is very very transparent about this -- unlike the others that I deal with (Vanguard, Fidelity) that one has to do a due-diligence deep dive to find out the same information -- but basically they get compensated a lot more for some investments more than others).
That said, I would emphasize that if someone is inheriting an IRA or 401k, they need to do it "right" like I explained in earlier postings in this thread. I've been lucky -- I had a good tax guy for decades who steered me toward Roth conversions and helped me in innumerable other ways with the complexities of all of this. Anyway, I don't think anyone recommending this stock or that allocation percentage is worth shit, but someone who knows what to keep out of trouble with the IRS is priceless.
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