Further, it gives the suitability standard a nice new name under its “Regulation Best Interest.” Alas, the shepherd is giving the wolves an even better sheep’s costume to replace the ones they had.
CFP Board has drawn a line in the sand and invited those that want to further the financial planning profession to step on over. They have cemented the CFP as the marks of the profession, not just a great educational credential. In short, they have shown the leadership the pioneers of this profession once fantasized they would.
CFP Board didn’t wait and didn’t cave to pressure and threats. No, they raised the bar. They did something real regulators talk about a lot but rarely act upon—CFP Board put the public’s interests first. There are still a few holes to plug but well done, CFP Board, and good luck with your tattoo business.
Dan Moisand, CFP, has been featured as one of America’s top independent financial advisors by Financial Planning, Financial Advisor, Investment Advisor, Investment News, Journal of Financial Planning, Accounting Today, Research, Wealth Manager, and Worth magazines. He practices in Melbourne, Fla. You can reach him at www.moisandfitzgerald.com.