News, Vision and Voice for
the Advisory Community
advertisement

Articles tagged "CFP Board"


A congressman, an engineer, an airline pilot and a court reporter walk into a fiduciary conference...

TD Ameritrade pulls off amazing Summit in DC that reveals rot to the core of SEC, FINRA and ERISA system
A consumer panel sobered the crowd off the bat with war stories and then Ron Rhoades, Mercer Bullard, David Tittsworth, Sheryl Garrett, Tom Nally, Marilyn Mohrman-Gillis and others pulled no punches

Thursday 9.18.14
Marilyn Mohrman-Gillis: Quite frankly, what we're spending is less than half a percent of all financial services' expenditures.

How the CFP Board is getting its $40 million's worth from its advertising campaign and how it isn't
Unaided recognition of CFP certification jumps about 90% in three years ...assets stemming from that, not so much

Thursday 7.24.14
Spencer Bachus: The important thing is to have a better system to stop potential fraud.

Spencer Bachus's amazing turnabout from RIA villain to white knight and the miserable state of Dodd Frank's advancement of fiduciary care
Once presumed to be in FINRA's back pocket, the Alabama congressman co-sponsors H.R. 1627 -- a huge boon to SEC oversight of RIAs

Monday 7.21.14
Jack Waymire: It is hard for me to believe a CPA/PFS with 10 years' planning experience is any less qualified compared with a CFP with the same amount of experience.

Opinion: Why NAPFA's CFP-only approach is a slap in the face of many financial advisors
In the alphabet soup of designations for advisors are many legitimate practitioners whom the association's new policy will shut out

Friday 12.21.12
Kevin Keller: We are business-model- and compensation-neutral, but all CFP professionals are required to put client interests ahead of their own.

The once underrespected CFP gets a lift after Merrill Lynch and now NAPFA make it central for newbies
Still, CFP certificants shoot down the idea of making the CEO credits requirements even harder, and fiduciary concerns linger

Wednesday 12.5.12
Michelle Draper: Bringing in other custodians to RIA Stands for You is still on the table.

Schwab is set to connect RIAs outside its referral network to HNW investors through its 'Got-milk'-style campaign
RIA Stands for You will use things like digital New Yorker ads, messaging and candid videos with RIAs is funneling down to phone calls from virgin prospects

Monday 11.19.12
Kevin Keller: Alan Goldfarb’s description of the alleged violation ... is not correct.

CFP Board shoots down Goldfarb's description of his alleged violation
The former chairman claims he's being hanged on a semantic technicality, but CEO Kevin Keller repudiates the claim

Monday 11.5.12
Ron Rhoades: I’ve put a big target on my back.

Before taking a self-imposed vow of silence, Ron Rhoades sounds off on the RIA industry and tells what's it's like to hit a professional wall
The outspoken NAPFA chairman-who-wasn't covers why the Bachus bill will rise again, the true fix for RIA exams and why the term 'fee-based' is inherently 'fraudulent'

Monday 8.27.12
Steve Lockshin: We cannot be left to regulate ourselves.

Lockshin: All advisors must deal with the threat of low industry standards -- before investors do it for them
The gains of the last 20 years could be scuttled if advisors don't band together to raise the standards of training and education

Friday 8.17.12
J.T. Hatfield Charles: Referring to someone's life partner or spouse equivalent as a 'roommate' or 'special friend' can quickly sour a client relationship.

5 ways financial advisors can serve the growing market of unwed couples
RIAs have much to offer the 7 million unhitched couples in the U.S. - including members of the LGBT community who can't get married and baby boomers who don't want to

Monday 6.25.12
Ron Rhoades: FINRA was already an expert at protecting its large Wall Street firms from competition.

Why FINRA's power grab for RIAs needs to be stopped to avert the death of the profession, Part 1
Looking back from the year 2025, the author recounts how FINRA seized regulatory control and crushed the life out the once-thriving RIA channel

Wednesday 5.30.12
Marilyn Mohrman-Gillis: The organization that appears to be pulling numbers out of thin air is FINRA.

FINRA comes up with cost projections for its SRO and the CFP Board blasts them
FINRA is still angry that Boston Consulting Group did not consult them and says they created numbers "out of thin air"

Monday 5.14.12
Karen Nystrom: This proposed bill is a big deal to advisors...We hold out hope that our message will be heard.

Avoiding FINRA oversight may depend on talking sense to an options-trading House Republican
Spencer Bachus, known to expertly trade options for his own account, seems to be down with what transactions-based advisors like

Thursday 4.26.12
Dan Moisand: They have the opportunity to stop it, or screw it up worse than they already have.

Fearful that the SEC has been overworked, lobbied and bullied into a SIFMA stupor, fiduciary crowd launches 16-page missile
Among other things, the letter calls SIFMA's idea of a uniform fiduciary standard a 'broker sales standard'

Friday 4.13.12
Alan Goldfarb:  We must continue to re‐examine and improve upon the CFP certification and our processes to enforce its high standards.

CFP Board makes a raft of changes -- including plans to send out press releases about CFP members who declare bankruptcy
There's been a big upswelling of members with bankruptcy problems

Thursday 4.5.12
Brian Hamburger: I think that number [from BCG] is a very conservative and kind number.

FINRA attacks Boston Consulting Group over SRO study
BCG sticks to its guns saying that the double-dip cost of SEC oversight makes any FINRA numbers moot

Friday 12.16.11
Scott Slater says a study by his firm, Schwab, shows that 88% of advisors are looking at an internal succession plan.

3 notable RIA happenings in the past week
CFP Board says it's changing hearts and minds of affluent Americans, studies find more advisors making succession plans and RIAs find clients can't get over their allergy to risk

Monday 11.21.11
Jerry Murphy is taking the FSC helm.

Four news items for RIAs
Banks buy RIAs again; UHNW go nuts for iPads; the CFP Board gets much tougher; a big IBD gets a new president

Friday 8.26.11
Andrew Lin rejoined his old RIA firm after a stint at United Capital and wasted no time setting a new technological and strategic series of events in motion.

How five recent RIABiz articles caught readers' attention and what bigger stories they tell
If advisors blinked in the last two weeks, telling chapters of growth slipped by

Thursday 4.28.11
Kevin Keller: We do not want to be a regulator. Our role is setting standards, and our role is most appropriate as it is.

(Updated) What’s behind the CFP Board’s big fee increase
'Category-killer' is in the eviable position of controlling a mark that many advisors think is essential

Thursday 4.14.11
Mercer Bullard: "If the CFP Board, the Financial Planning Association or the Investment Adviser Association finally get their act together, they might want to get involved."

Mississippi lawyer Mercer Bullard volunteers to form an RIA SRO and nobody's laughing it off
IAA won't join forces; annual cost to run an SRO could top $150 million

Thursday 3.10.11
Chuck Moran, of the CFB Board of Standards board of directors: “We were looking for a more definitive recognition of financial planning."

GAO study puts insurance agents up for scrutiny as it rejects idea of sweeping RIAs, b-ds, planners into one regulatory pool
A disappointment to those advocating for a financial planning profession, the study details the hodgepodge of regulation without recommending major changes

Wednesday 1.19.11
Skip Schweiss: "I had in mind that some organization that is familiar with the fiduciary standard practiced by RIAs would set the standards, then perhaps an organization like FINRA could lend its examination expertise/process/infrastructure."

Advisory factions steel for end game as SEC's verdict on FINRA SRO comes down
As action moves to Congress, a flurry of meetings and Schwab's appearance

Friday 1.14.11
David Tittsworth: I feel alone out there a lot of the time.

Testy words pass between advisors and regulatory panelists at MarketCounsel conference
RIAs are shocked by how bad things have gotten in Washington

Friday 11.19.10
Ready to blog after uploading podcasts: Chris Hall (left) coaches students Kimberly Curtis, CFP, and Gary Klaben, ChFC, at FPA pre-conference Web 2.0 Boot Camp.

Eavesdropping on the FPA conference: a speech about scared investors resonates; and an embittered advisor speaks up
Plus, a top expert offers the next level of advice on social media

Tuesday 10.12.10
Marv Tuttle: Some of our members haven't liked our positions.

The industry's largest association has plenty at stake at its annual conference this weekend
After a trying two years in which it lost a chunk of its membership and angered others with unpopular stands, FPA is reminding advisors of its benefits

Wednesday 10.6.10
Robert Glovsky: Advisors should be realistic about whether their clients’ can meet their goals.

Fidelity study reveals greater reliance on advisors to manage the college savings vs. nest egg vice grip
RIAs steer parents clear of the high-fee 529-plan bandwagon

Friday 9.10.10
Summer's last gasp: Advocates for advisors and broker-dealers were putting in long days to prepare comments on the fiduciary standard to send to the SEC's Mary Schapiro and the other commissioners.

Old foes in the fiduciary debate join new battle to sway SEC's six-month study
Advocates were working down to the wire to submit comments by the end of yesterday

Tuesday 8.31.10
Sen. Herb Kohl is taking on brokers, life insurers with amendment to regulate financial planners.

Revised amendment aims to heal breaches in advisor community
New oversight for financial planners may be tougher for Senators to vote against because it is seen as pro-consumer

Friday 3.19.10
Sen. Herb Kohl favors disclosure by planners of conflicts of interest and compensation.

Proposal would sweep RIAs, planners, brokers into one huge regulatory pool (Updated)
New board promoting the fiduciary standard would oversee 75,000

Wednesday 3.10.10
Lyle Sussman: "I am troubled by the disconnect between the (client's) need and yet the (financial advisor's) lack of training."

Financial advisors cross the CFP's ethical line when they play pychotherapist, study says
Questions are raised about whether advisors have enough training

Thursday 10.1.09

From the RIABiz Directory »

The Industry Sourcebook for RIAs



Browse All Archives


2014


    September
    August
    July
    June
    May
    April
    March
    February
    January

2013


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2012


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2011


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2010


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2009


    December
    November
    October
    September
    August

Most Emailed Stories »

RIAs got their first direct splash of Gross's eccentric behavior at Morningstar's Investors Conference in June.
97 shares
The real Bill Gross story with big help from the Wall Street Journal's reporting (Hint: The signs were there)

Stephen Brown writes: We advise several CEO's and CFO's of Fortune 500 companies, as well as some professional sports teams.
24 shares
How Merrill Lynch's divorce of its own $2.5-billion team shows just how fed up the wirehouse is with RIA-bound breakaways

Kyle Ryan:  Everyone looks at headlines and says they're small and everyone was small once.
13 shares
The steps Personal Capital is taking to win bigger accounts after a year of 100% growth and 95% of them small fish

Cup holders, like robo-capability, matter whether or not they should.
12 shares
How the new RIA competition is akin to the cup-holder dilemma for automakers

Adam Nash [with AndyRachlieff]: Wealthfront automatically ensures that every withdrawal minimizes the taxes owed and keeps your portfolio balanced.
1 shares
Wealthfront's advice is now an employee benefit for Google employees' non-401(k) savings


Get the RIABiz Today
Email Alert »