Advisor Business
Comments From Advisors On The Trouble With The CFP Business Model Show Planners Themselves Are Skeptical About Making A Living On Financial Planning
Comments from A4A members on my recent post about problems plaguing the CFP business model express serious concern at the direction of the financial planning profession.
Here are a few snippets from the four most disturbing comments, but read the post to understand the serious challenge facing the financial planning profession.
"The profession (if it ever was a profession) has morphed into one where Financial Planning now means gathering and managing assets. Advisors are ignoring all of the other aspects that planning is supposed to involve. Certainly the problem
Annuities Brokers Applaud Iowa's New Rules On Insurance-Based Investment Advice
Given the choice between keeping investment advisors out of the insurance business and delivering investment advice themselves, annuities vendors seem eager to choose the former scenario.
Compliance, Other Costs Forcing Wealth Managers To Evolve Or Die, PricewaterhouseCoopers Says
Between competition for increasingly fickle clients and rising compliance costs, global accounting firm PricewaterhouseCoopers warns that wealth management firms need to evolve . . . and that might entail shrinking.
CFP Board Crackdown Prompts Disciplinary Measures For Another 26 Planners
Four months after the last wave of CFP Board disciplinary actions, another 26 planners are getting stern letters or losing their right -- temporary or permanent -- to use the CFP mark.
The CFP Business Model Needs Help And Here's What You Can Do About It
People who can afford financial plans don’t need them, while people who need financial plans can’t afford them.
