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CFP Board in the News

Some Financial Titles Do Not Guarantee Financial Expertise

Apr 28, 2013

Certified. It’s one of those words that can reassure you that things will be done right. But it’s also a word that can give you a false sense of security when it comes to finding someone who will manage your money.

Marilyn Capelli Dimitroff, [CFP®,] president of Capelli Financial Services in Bloomfield Hills, is a past chair of the board of directors for the national Certified Financial Planner Board of Standards.

The CFP Board recently published a booklet called “Financial Self-Defense for Seniors: Know the Red Flags and Avoid Financial Abuse.”

One of the red flags listed in that booklet starts out with the comment: “He said he was certified to help people just like me.”

Dimitroff said it’s difficult for many people to make smart financial decisions, and confusing designations can make it even more troublesome.

“The financial world is complex for everybody,” she said. “We have whole TV networks dedicated to it.”  Read more >

Detroit Free Press  
Susan Tompor
April 28, 2013

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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.

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.
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