Sure most people who use brokers are actually interested in wider arrays of risk and we can't really find anyway to lower the corrupt advisor incentive as that

Sure most people who use brokers are actually interested in wider arrays of risk and we can't really find anyway to lower the corrupt advisor incentive as that tends to go straight into a complexity trade off. I don't think there's still good reasons to use banks for savings now that anyone could buy whatever assets they like with a very similar broker account.. I think anyone accepting lower than government bond rates is basically in a corrupt financial advisor situation where the government is providing everything and someone other than the saver is siphoning money out in the good years. Industries once formed tend to lobby to prevent things that would remove their negative role. I.e. the ability to independently buy savings bonds has not really been kept up with the baseline utility of any other financial account. Normally banks had much more of a role in lending, etc, which is a bit more complicated than letting them leach between people and well defined bonds so I wouldn't say they can't have a function only that I would like them removed from this one.