Public Policy


Congressional Testimony

Study Released on Costs of Implementing SEC Recommendations for Oversight of Investment Advisers

Dec 15, 2011
On December 15, 2011, the Boston Consulting Group (BCG) released a study on the likely costs of implementing SEC recommendations for increased oversight of investment advisers. In a survey conducted by BCG, more than 80 percent of IAs said they would prefer to pay user fees to fund enhanced SEC oversight. CFP Board, the Financial Planning Association, the Investment Adviser Association, the National Association of Personal Financial Advisors, and TD Ameritrade Institutional commissioned the study and a survey of investment advisers in response to calls for additional analysis of the recommendations in the SEC's study under Section 914 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Read CFP Board’s news release


Financial Planning Coalition

CFP Board, the Financial Planning Association®, and the National Association of Personal Financial Advisors are working together as the Financial Planning Coalition to pursue consumer protection and industry reform.

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