Tuesday, July 25, 2006

 

Certified Financial Planners May See Stricter Rules

The group that grants the Certified Financial Planner credential proposed for financial advisers new rules that embrace a tougher client-care standard.

The Certified Financial Planner Board of Standards, based in Denver, put forth changes to its ethics code and practice standards that would require advisers to assume a "fiduciary" obligation to clients unless the adviser and client agree to a different standard.

Certified Financial Planners May See Stricter Rules
Source: Wall Street Journal (subscription required)

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