CFP Board works closely with The Financial Planning Association® (FPA®) and the National Association of Personal Financial Advisors (NAPFA) to promote a fiduciary standard for financial advisors that is consistent with Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Fiduciary Coalition supports the SEC in establishing a strong and uniform fiduciary standard of care for broker-dealers and investment advisers that is no less stringent than the existing fiduciary standard under the Investment Advisers Act of 1940.
What Does this Mean to Investors?
By supporting the SEC efforts to establish a uniform Fiduciary Standard of Conduct, investors:
- Interests are protected, and can result in substantial benefits to investors and to the markets
- Can maintain a choice in how they pay for advice
- Continue to have access to a range of products and services