The Fiduciary Factor: Creating a Universal Standard of Care

Neill, Robert
November 2007
Journal of Financial Planning;Nov/Dec2007 Supplement, p24
Academic Journal
The article discusses proposed changes to the standards of conduct of the Certified Financial Planner Board of Standards, Inc. An initial draft of changes would have allowed those with a Certified Financial Planner (CFP) certification to "opt out" of a fiduciary standard when lawfully permissible. Responding to concerns of the Financial Planning Association (FPA), a revised draft tightens up the fiduciary requirement. The FPA itself actively works on developing a universal standard of fiduciary care for the profession.


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