1. FINRA's Estimate Of Cost Of Establishing And Maintaining An SRO For RIAs Challenged By Coalition Representing RIAs
(Matching tags: RIA compliance,RIAs,broker-dealers,registered investment advisors,compliance,CFP Board,NAPFA,Congress,Dodd-Frank,TD Ameritrade)

The Financial Industry Regulatory Authority's (FINRA) estimate of the cost to setup, operate and oversee a self-regulatory organization (SRO) for investment advisers (IA) underestimates overhead costs ...

2. CFP® Board Invites Commentary On Its Proposed Sanctions For Policy Violators
(Matching tags: CFP Board,regulation,questions)

The CFP® Board is opening a forum for comment on its newly proposed disciplinary guidelines. These are the guidelines that propose public reprimand or possible revocation of CFP® certification ...

3. CFP Board Changes Experience Requirement And Procedures For CFPs Filing For Personal Bankruptcy As Well As Key Disciplinary Rules
(Matching tags: profession,regulation,CFP Board)

The Certified Financial Planner Board of Standards, Inc. today announced a change to its requirement that candidates obtain three years of experience in the profession, saying that two years of fulltime ...

4. AARP Joins Fiduciary Debate Alongside CFP Board, Financial Planning Association, And Other Consumer And Professonal Associations To Oppose Broker/Dealers And SIFMA
(Matching tags: investment fiduciaries,competitors,RIAs,broker-dealers,independent broker-dealers,compliance,CFP Board,Dodd-Frank,fiduciaries,FINRA,sec,SIFMA)

After years of positioning, the debate over establishing a single fiduciary standard for FINRA-licensed registered representatives and investment advisor representatives alike is finally coming down to ...

5. Clients Need Greater Disclosure And Clear Language In Choosing Advisors
(Matching tags: CFP Board,compliance,fiduciaries,sec)

The Certified Financial Planner (CFP®) Board is becoming more proactive in its recommendations to the SEC. Its latest letter says that clients need more information about advisors to be able to choose ...

6. Guest Post: Yodlee Is Offering Free Account Aggregation With An Investor Dashboard For Controlling Advisor Access; Another Sign Of Fee-Compression Coming
(Matching tags: differentiation,competitors,value proposition,RIAs,financial planning,CFP Board,account aggregation)

... point of one of the themes Andy Gluck has been hitting on for the last six months. CFPs seem vulnerable to losing market share in a world in which investors can self-direct advice.    The ...

7. CFP Board Creates Oversight Position
(Matching tags: CFP Board,financial planning)

In an effort to strengthen the CFP designation, the CFP Board has created a position to investigate infractions of the CFP’s Standards of Professional Conduct. Rex Staples, a former North American ...

8. Is The Certified Financial Planner Designation Out Of Synch With Today's Financial Advice Consumer?
(Matching tags: profession,investment advisors,financial planning,CFP Board,profitability)

... don’t explore this idea because it was a given that financial planners would serve the masses. But CFP licensees must come to grips with the fact that serving “ordinary Americans” is ...

9. Guest Post: Wade Pfau, A Thought Leader In Retirement Planning, Responds To Discussion On RMA Versus CFP
(Matching tags: profession,financial planning,CFP Board)

... Management Analyst designation. He emailed me a response to recent coverage on Advisors4Advisors about the RMA designation. Here's what he says:    CFPs and RMAs An issue facing consumers ...

10. Seeking To Transform Retirement Advice, RIIA Could Have Great Influence On The Financial Advice Profession In The Years Ahead
(Matching tags: profession,retirement planning,CFP Board,advisor industry people)

... itself to become as influential a professional body as the CFP Board.   While CFPs may look at it as a return of the “CFP-lite” designation from a decade ago and while the RMA will ...

11. Retirement Income Industry Association To Answer Your Questions About Its Ties To Product Manufacturers And Whether It Is Adding To Designation Proliferation
(Matching tags: profession,retirement planning,annuities,financial planning,CFP Board,fiduciaries,retirement income,advisor industry people)

Is the Retirement Income Industry Association (RIIA) controlled by financial product manufacturers and distributors? Will RIIA's Retirement Management Analyst designation simply confuse consumers by adding ...

12. Latest CFP Board Disciplinary Actions Show The Group Is Fighting A Lot More Than Just Planner Bankruptcies
(Matching tags: CFP Board)

A minority of the 20 planners disciplined by the CFP Board of Standards filed for bankruptcy in recent months, proving the wisdom of the board's decision to change the way it treats such cases.  ...

13. An Advisor Affiliated With Retirement Income Industry Association And Its Retirement Management Analyst Designation Responds To My Post Saying Designation Proliferation Is A Disaster For Consumers
(Matching tags: profession,RIAs,investment advisors,financial planning,CPAs,CFP Board,NAPFA)

... manufacturers, did not partner with CFPS, CFAs, CIMAs, CPAs, and other established professional designations for financial advisors.   ...

14. What Does FPA's Partnership With The Accredited Financial Counselor Designation Mean To CFPs?
(Matching tags: financial planning,CFP Board)

  The Financial Planning Association recently announced an alliance with the Association for Financial Counseling and Planning Education. AFCPE provides designations to financial advisors and ...

15. CFP Board Looks To Move Bankruptcy Cases To A Disclosure-Only Basis, Freeing Up Resources For Other Enforcement
(Matching tags: CFP Board)

The CFP Board is calling for comments on a proposed change in the way it discloses CFP declaring personal bankruptcy. The move will let certificants who have filed for bankruptcy in the last five years ...

16. Major League Pitcher Denny Neagle Sues His Financial Planner
(Matching tags: CFP Board)

Another sports star is claiming that his advisor wrecked his nest egg, but this time there's a twist. The advisor in question is a certified financial planner.

17. Alan Goldfarb, CFP, To Serve As 2012 Chair Of CFP Board's Board of Directors
(Matching tags: CFP Board,advisor industry people)

Alan Goldfarb of Weaver Wealth Management in Dallas is the new Chair of the Board of Directors of Certified Financial Planner Board of Standards, Inc.

18. Sizing Up The Powerful Forces Aligned To Fight Making FINRA The SRO For RIAs
(Matching tags: RIAs,SRO,CFP Board,Dodd-Frank,FINRA,advisor industry people)

Last Thursday’s press conference went on for an hour but it took just three-minutes for David Tittsworth of the Investment Adviser Association to offer a scathing attack on the proposal to make FINRA ...

19. CFP Board Working On Firmer Planner Bankruptcy Rules
(Matching tags: CFP Board)

When financial planners lose their certification, it is often because they themselves went broke -- raising questions about the planning process.

20. Following Up On A4A's Most Popular Story Of The Past Year: The Problem With The CFP Business Model
(Matching tags: financial planning,compensation,CFP Board,practice management)

What does it say about the financial planning profession when the most popular story of the past 12 months pm A4A has been about the problem with the CFP business model?   To me, it suggests the ...