It Just Got Tougher to Know How Your Adviser Gets Paid

Image Credit: Alex Nabaum

With markets in turmoil, investors need financial advice more than ever. Unfortunately, figuring out where to get it and how to pay for it just got a little harder.

Until now, consumers could use LetsMakeAPlan.org, a website run by the Certified Financial Planner Board of Standards Inc., a professional-certification body for planners, to see whether an adviser earns commissions, fees or a combination. In an email this week, the CFP Board told financial planners the public search tool on LetsMakeAPlan.org will no longer disclose how they are paid.

 

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This article was originally published on The Wall Street Journal.

Further reading

Benjamin Graham, The Intelligent Investor