Third of Clients Say They Didn’t Get Adequate Financial Planning Services
New research from the Financial Planning Coalition shows a lack of appropriate regulatory standards for those who say they are “financial planners.”
CFB Board Creates Another Three-Bucket Mess on Compensation
Rick Kahler’s "fee-only" trouble demonstrates the limitations of the CFP Board’s compensation rules.
Still Trying to Understand NAPFA’s New Membership Rules
I spoke to the fee-only organization’s CEO, Geoffrey Brown, but I remain confused. How about you?
The 2% Solution: NAPFA Changes Its Membership Standard
I find myself in the curious position of agreeing with both the NAPFA rule change and the advisors who oppose it.
NAPFA Bans Stakes in Commission-Based Firms
The association will no longer allow members to hold a 2% ownership interest in a financial services firm that receives transaction-based compensation.
Charging AUM Fees Does Not Conflict With Financial Planning
In what may really be my last word on the flat-fee-vs.-AUM debate, I share some cogent thoughts from readers and my cogent (I hope) responses.
Fiduciary Debate Turns to Impact on Investors
The latest debate over whether the SEC and the Department of Labor should issue fiduciary rules this year recently turned to whether investors could be harmed by DOL's rulemaking, or harmed by the lack of such a rulemaking by the SEC.
Former NAPFA Chairman Mark Spangler Sentenced to 16 Years in Prison
Spangler was convicted of fraud and money laundering; the long sentence reflects his lack of remorse, the judge reportedly said.
Why You Need Another Advisor to Plan Your Succession
When planning the team to advise you on your succession plan, take Gary Pittsford's advice and get another advisor (not the successor) to advise you.
With (Democratic) Friends Like These…Is It Time to Recast Fiduciary Argument?
The opposition of the "New Democrat Coalition" to DOL’s inchoate fiduciary rule may well be a golden opportunity for those who put clients’ interests first.