Can the financial planning profession actually be a profession if the services are not available to ordinary Americans? Planning seems to have bifurcated into advisors who collect their fees by AUM model and who primarily serve wealthier clients, and those who earn a commission for selling less-wealthy people insurance policies, variable annuities and mutual funds. In both cases, most of the emphasis is on the investments, not on the planning.

A small number of advisors - especially members of the Garrett Planning Network - offer planning work on an hourly basis to essentially anyone who walks in the door. But there are hardly enough of them to offer detailed planning work to 115 million U.S. households.

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