What High Client Acquisition Costs Mean to Serving the Masses
How the high cost affects planners’ economics, how big RIAs and robo-advisors are responding, and the possible impact of a fiduciary standard for all.
Why Financial Planning Can’t Be Offered to the Masses
In part one of a series, we explore the root cause for why advisors can’t extend services to more Americans. It's not what you think.
New Hire Roundup: Altegris Names Jack Rivkin CIO
Meanwhile, Convergent welcomed Richard Wells and the Senate Finance Committee approved three nominees for federal positions.
You Can Leave Your Hat(s) On: Two Fiduciary Standards?
Creating two fiduciary standards would do nothing to reduce the current state of investor confusion; the real losers would be retail investors.
Fixing the CFP Board’s ‘Three Buckets’ Rule
Wouldn't it be a clearer and stronger consumer protection to require advisors to disclose how they're actually being compensated by their clients? Why is that so hard for the CFP Board to implement?
The Problems With the CFP Board’s ‘Three Buckets’ Approach
It’s time for the Board to recognize that the fundamental starting point for all types of compensation disclosure should always be what clients actually pay.
CFP Board, Under Pressure, Drops CE Plan
Board says it won’t enter the CE provider space “at this time”; announces multiyear plan to improve offerings.
A Commission-Only Crackdown? Really?
CFP Board is right to restrict the affiliation of fee-only advisors with BDs and right to require brokers to describe themselves as “fee and commission.”
Evensky & Katz Win Award at Schwab Impact
Evensky & Katz Wealth Management has won an award — yet again — as Schwab hands out IMPACT awards.
Survey Finds CFPs Satisfied With Careers
Nearly two-thirds of CFPs polled say the Board’s service “meets their expectations,” a big jump from 2011.