News & Events

MAXXCAT_START

CFP Board in the News

Regulation for Regulation Sake Not the Answer for Advisors

Feb 03, 2011

Marilyn Mohrman-Gillis of the Certified Financial Planner Board of Standards said that a study conducted by SEC staff recommended a uniform fiduciary standard of care for both investment advisors and broker dealers. "You cannot just import broker dealer regulations and place them on advisors," she said. "They just don't fit."

So, what are the implications for the advisor community and what are the next steps?

The SEC's job is done now that it's done a study. Whether or not it will implement the fiduciary standard is up in the air. "The SEC has a lot on its plate with Dodd-Frank," said Mohrman-Gillis. "I think we need to continue to try to use our voice and put pressure on the SEC to continue with rulemaking. The bottom line is reform is not immediate it will take time." Read more >

Financial Planning
Ruthie Ackerman
February 3, 2011
Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Upcoming Events

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call himself a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
Let's Make A Plan
Don't address your finances individually. Pull your finances together with the help of a CFP® professional.