What does it say about the financial planning profession when the most popular story of the past 12 months pm A4A has been about the problem with the CFP business model?
To me, it suggests the seriousness of the issue. Yet nothing has changed.
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“People who can afford financial plans don’t need them, while people who need financial plans can’t afford them,” said the post, which I wrote on last June.
The post suggested that the CFP Board consider helping its licensees address this fundamental business challenge by allowing continuing education credit on practice management courses, or by boosting the minimum credit for maintaining a CFP license.
Nothing has changed since that post was written. No one’s solved the “financial planning wealth paradox” and the CFP Board hasn’t changed its policy. That’s too bad, particularly since this issue hit a raw nerve that this post was propelled to the top of our 12-month Trending list
You can see all of the stories most popular with financial advisors on A4A’s Trending page, a new feature. It’s great mix of topics. Interestingly, a story we broke just last week about the problems at the Phoenix office of the nation’s largest RIA is already among the most popular stories of the past quarter.