You're naive if you think that financial advisors don't steer their clients to investments that they and/or the company they represent don't have a stake in. When you turn control of your money over to another person they will always have their own interests above yours.
Look up the word "cursory". I said with a cursory read of the details, the only clear-cut argument that he has in the article is the illegal use of his signature. If someone uses copies of your signature without permission, it's considered forgery/fraud. If he can prove that they did that, the standard of proof for the rest of his allegations will be lowered.
I'm more than happy to pay the fees that I do to handle my own portfolio. It'll be a cold day in h*ll before I ever turn control of my portfolio over to another person. I've had people try, but after I get through with them, they don't ever ask a second time.