There are a lot of advisers who unknowingly (or not) offer advice based on the incentive of the products offered by the companies they represent. This is one reason I left a broker dealer platform and struck out on my own.
The article by Time also suggests, through the study they cite, that passive indexing provides better results. This is the reason that I only suggest passive indexes. Standard and Poor’s also finds that persistency and ability of active managers to better indexes. The short story, they can’t … and one can’t identify those few who do (albeit for only a brief period) ahead of time.
Moral of the story: I suggest options that are in your best interests and try to structure things to reduce what I call active management friction.