Majority of citizens fearful of losing money, confused by investments; trust lacking

"Consumers understandably are more nervous about investing their money given recent revelations about financial fraud, manipulation and abuse of clients," said Kevin Keller, chief executive officer of the CFP Board. "We encourage consumers to do their homework and find a financial professional who always puts the client's best interest first."

Keller recommended that consumers visit the CFP board's website (www.LetsMakeaPlan.org) for tips on how to prepare a financial plan and shop for a financial adviser. He noted that the CFP Board works with more than 66,000 CERTIFIED FINANCIAL PLANNER[™ professionals] around the country and encouraged them to spread the word about the value of financial planning to all income levels and to encourage consumers to take advantage of the free website tools. Read more >

Investment News
Mary Beth Franklin
July 23, 2012