Financial Planners Still Lobbying For The Fiduciary Standard
- Created: Tuesday, 29 March 2011 22:29
The Financial Planning Commission -- NAPFA, the FPA and the CFP Board -- reached out to Congress to argue for "prompt action" on the standard.
It's an interesting campaign, although it lays things on a tiny bit thick: Bernie Madoff, crimes against the elderly, and the recent decline in investor confidence are all invoked as the types of problem that the financial standard of care will theoretically cure.
For all that, this kind of slowed-down, street-level discussion -- rooted in real people and their concerns -- is probably a better tack to take than all the pondering of business models put together.
Whether June or July -- when plans to unveil and enforce the new standard are currently set to begin -- would be too late for these suddenly deadline-driven groups remains to be seen.
This Website Is For Financial Professionals Only
- NAPFA Must Do The Right Thing With CPA/PFSs If It Wants To Retain Its Special Role As An Advocate For Consumers
- CFA Level 1 Exam Prep Now Being Offered By The American College, Reflecting The Growing Popularity Of The CFA Designation
- Charles J. Yang, CFA, Elected Chair Of CFA Institute Board Of Governors
- NAPFA, In Saying Only CFPs Can Become Members, Snubbed The AICPA, Exposing Fractures In The Movement To Professionalize