Is this not how those companies make money? They offer investment management and advice, and capitalize on products with higher fees to make a profit. The fact

Is this not how those companies make money? They offer investment management and advice, and capitalize on products with higher fees to make a profit. The fact that employees are incentivized to maximize that part is not extremely surprising. Of course, this is definitely edging into the grey area of how much information they actually provide their advisees about the tradeoffs of the different investment options. I really wish the fiduciary rule was a rule for the industry catering to the small time investor.