Wirehouse Planners: FPA's Best-Kept Secret

Thompson, Duane
July 2006
Journal of Financial Planning;Jul2006, Vol. 19 Issue 7, p34
Academic Journal
The article refers to the Financial Planning Association v. SEC case and mentions a membership survey by FPA. The legal challenge focuses on an exemption from the Investment Advisers Act of 1940 for fee-based brokerage services. The survey, which was conducted in May 12006, found that many independent financial planners do not support a double-standard system that allows lower ethical standards for brokers. Statistics from the survey indicate there was a 7.5 percent response rate. Topics include the CFP Board and CFP Code of Ethics.


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