The go-to website for picking a financial planner is examining how it disciplines them, writes jasonzweigwsj. But who will watch the watchdog?
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.
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