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Fiduciary Advocates Press CFP Board for Specifics on Standards Changes by Mark Schoeff

Tue, Aug 22, 2017 at 1:25PM

Fiduciary Advocates Press CFP Board for Specifics on Standards Changes by Mark Schoeff

Most of the approximately 77,000 CFP's in the United States aren't registered investment advisers, Mr. Rostad said.  Advisers already must adhere to a fiduciary standard, while brokers, such as those at wirehouses, which have many CFPs are governed by a less-stringent suitability standard.

 

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