Looking for a Financial Planner? The Go-To Website Often Omits Red Flags

Image Credit: Tuchodi, “Red Flag Day,” April 11, 2011, via Flickr

By Jason Zweig and Andrea Fuller

Many people seeking a financial adviser begin their search at LetsMakeAPlan.org, a directory operated by the Certified Financial Planner Board of Standards Inc.

The Board, which controls the CFP label coveted by financial planners, boasts of its high standards and has touted its directory of professionals as a place where people can find a screened, skilled and trustworthy financial planner.

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This article was originally published on The Wall Street Journal.


Further reading

Benjamin Graham, The Intelligent Investor