Due to pervasive financial abuse of America's senior citizens, the Certified Financial Planner Board of Standards is urging the adoption of a set of standards for financial planning designations.

A set of standards ranking the many designations used by those who claim to be financial advisors would help all Americans, and especially seniors, determine which designations mean a planner has proper training and which designations are meaningless or meant to deceive, says the CFP Board.

[CFP Board] asked the Consumer Financial Protection Bureau to develop such a rating system in a letter delivered Tuesday. Read more >

Financial Advisor
Karen DeMasters
August 21, 2012