More On Legal & Compliancefrom The Advisor's Professional Library
- Client Commission Practices and Soft Dollars RIAs should always evaluate whether the products and services they receive from broker-dealers are appropriate. The SEC suggested that an RIAs failure to stay within the scope of the Section 28(e) safe harbor may violate the advisors fiduciary duty to clients, so RIAs must evaluate their soft dollar relationships on a regular basis to ensure they are disclosed properly and that they do not negatively impact the best execution of clients transactions.
- Registration Requirements for Investment Advisor Representatives (IARs) When individuals launch an advisory firm, they must avoid marketing themselves or the firm as investment advisors before they are properly approved and registered. Otherwise, they are subject to severe penalties.
Kevin Keller, CFP Board's CEO, said in a statement that hiring Crowder "builds [CFP Board's] capacity to communicate the value of working with a CFP professional. Tom Crowder's impressive consumer marketing credentials match-up perfectly with CFP Board's priorities. We are confident that he will advance the CFP certification brand as the recognized standard of excellence for personal financial planning."
In the release announcing Crowder's hiring, CFP Board says that the new managing director, marketing and business development position will help the CFP Board "enhance its mission and efforts to increase public awareness of the CFP certification brand through marketing initiatives and collaborative efforts with other organizations, including the major firms that hire or interact with CFP professionals." Crowder's core responsibilities, CFP Board says, "will be to increase the public's awareness of, preference for and use of CFP certificants, and growing the number of CFP professionals available nationwide to meet increased public demand."
Read a story about the Financial Planning Coalition's progress from the archives of InvestmentAdvisor.com.