Advisor Business
12th Annual Evolution/Revolution Study Shows Small Firms Continue To Dominate The Industry
Dodd-Frank has created a vast overhaul of the regulatory environment for small RIAs.
The 12th annual Evolution/Revolution study that culled data from advisor filings with the SEC showed that more small firms now are under state supervision while large private fund advisors find themselves under the oversight of the SEC.
Who Were The Two Members Of CFP Board Disciplinary And Ethics Commission That Resigned Last Week? Figuring It Out Seems No More Difficult Than Doing A Google Search
Identifying the two CFP Board Disciplinary And Ethics Commission (DEC) members who resigned in a brouhaha last week along with CFP Board Chair Alan Goldfarb, was not difficult. Here’s how I did it in less than 15 seconds, along with analysis about the Halloween Eve resignations.
CFP Board Scandal Of 2012
Last Friday, CFP Board, in a terse press release, announced that its chairman, Alan Goldfarb, CFP®, had abruptly resigned, along with two members of CFP Board’s Disciplinary And Ethics Commission.
Chairman Of CFP Board Resigns Along With Two Members Of Disciplinary And Ethics Committee Over Alleged Violations Of CFP Board Professional Standards Of Conduct
CFP Board Chair Alan Goldfarb, CFP® and two members of the Disciplinary and Ethics Commission abruptly resigned, CFP Board announced today, after allegations they violated the CFP Board's Standards of Professional Conduct.
"CFP Board became aware of broad allegations that members of the Board and other volunteers may have violated provisions of CFP Board’s Standards of Professional Conduct," according to a CFP Board press release. "The Board of Directors created a special committee made up of public Board members who have no ties to the fina
Eight Days And Still Waiting For An Answer From CFP Board About Whether It Is Misleading Consumers; A Life Lesson For Advisors About The Power Of Blogging
CFP Board still has not responded to my posts about its complicated disclosure rules on informing consumers about a Certified Financial Planner’s fiduciary obligation. It’s been eight days since my last post asking whether CFP Board's suggsted disclosure language for CFPs to use in Form ADV misleads consumers.
Does CFP Board’s Suggested Disclosure For Form ADV Mislead Consumers About Whether Their Advisor Is A Fiduciary?
CFP Board of Standards provides sample language for RIAs to use in Part 2 of their Form ADV that could easily mislead most consumers about a practitioner’s fiduciary obligation. The problem stems from CFP Board’s position in defining when a CFP licensee owes clients a fiduciary duty.
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