10 years ago in the Profession

May 2001
Journal of Financial Planning;May2001, Vol. 14 Issue 5, p25
Academic Journal
The article deals with the decision of the board of directors of the International Board of Standards and Practices for Certified Financial Planners Inc., (IBCFP) to review the framework of its proposed practice standards as of May 2001. The move was in relation to criticisms heard at workshops conducted in previous months. Among the issues given attention was the factors that would determine when will a practitioner become a fiduciary. It was considered if the standards should be applied to all Certified Financial Planning practitioners and if the IBCFP should create generally accepted financial planning principles, and to what extent should there be discourse of all sources of compensation.


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