Advisor Business
New Rules For Independent Advisors In UK To Kick In January; UK Rules Prohibiingt Commissions For Independents May Offer Ideas For Solving The Fiduciary Debate In U.S.
From December 31, advisors in the United Kingdom will have to be much clearer about the type of advice they give, whether it is independent or restricted, and what fees they will charge for it.
If All Alan Goldfarb Did Wrong Was Describe His Compensation As Salary On FPA’s “Find A Planner” Website, Did That Merit The Investigation That Compelled His Resignation? A Plea For Understanding
Alan Goldfarb was compelled to resign as CFP Board chairman on November 2. He reportedly came under investigation for misrepresenting his compensation on the FPA’s “find a planner” website. Below are screen shots of the Web page that are to have brought him down.
By “compelled,” incidentally, I am not saying he was forced by CFP Board to resign but that he likely chose to resign to spare himself and CFP Board further embarrassment.
Goldfarb has maintained that he did nothing wrong and that his resignation was the result of “a misundersta
Like Their Investor Clients, Advisors Looking To Do Transactions Are Rushing To Close By The End Of The Year When Tax Breaks Expire
Investors are not the only ones rushing to take advantage of current tax breaks before they expire at the end of the year. Advisors wishing to sell their businesses are also rushing to close deals by the end of the year.
Guest Post: Ron Rhoades, A Leader In The Fiduciary Movement, Says CFP Board Chairman Alan Goldfarb Did The Right Thing By Resigning
This guest post was was written by Ron Rhoades, JD, CFP®, a leader in the fiduciary standard movement and curriculum coordinator of the financial planning program at Alfred State College, SUNY.
I was greatly saddened to hear of Alan Goldfarb’s resignation as Chair of the CFP Board of Standards, Inc.. Alan has, and continues to be, a leader of the profession, and he has always promoted the highest standards of conduct for the profession of financial planning. He has contributed greatly to the development of the profession through his many years of service.
As
Did A Mere Technicality Force The Resignation Of CFP Board Chair Alan Goldfarb And Two Disciplinary And Ethics Commission Members?
Chairman of the Board of Directors of CFP Board of Standards Inc., Alan Goldfarb, CFP, abruptly resigned last week. Two members of CFP Board’s most important committee, the Disciplinary and Ethics Commission (DEC) also stepped down.
Few details about Goldfarb’s alleged wrongdoing are public. Nothing about the allegations against the two former DEC members is public. CFP Board says it would be against its rules to say anything more than what’s already been disclosed.
What we do know is that three respected CFP practitioners — volunteers in the effort to
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