Certified Financial Planner Board of Standards Inc. earlier this week responded to questions posed about NAPFA's decision last month to only allow CFP designees to become members.
On December 4, the National Association of Personal Financial Advisors (NAPFA), in a press release, said it would only accept CFP designees as members, asserting it was in the best interest of consumers. However, the move could be seen by other professional designations, such as CFAs, CPA/PFSs, CIMAs, and CPWAs, as a slap in the face. It could also be anti-competitive and not in the best interest of consumers
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