Investors Need This Cop to Toughen Up

Image Credit: Alex Nabaum

Last month, a Page One article in The Wall Street Journal described loose disclosure and disciplinary practices at the Certified Financial Planner Board of Standards Inc., which awards the CFP designation coveted among financial advisers.

How soon and how much the CFP Board can improve its procedures is a critical question for the millions of families who rely on the nation’s nearly 85,000 certified financial planners for competent and ethical advice.

CFP Board Upgrades Its Scrutiny of Financial Planners

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This article was originally published on The Wall Street Journal.


Further reading

Benjamin Graham, The Intelligent Investor

Stephen P. Utkus and Jean A. Young, “Investor Expectations: A New Survey” (Vanguard)