Sushi Bars and Bait Shops: The Search for Definition

Walker, Lewis J.
June 1997
Journal of Financial Planning;Jun97, Vol. 10 Issue 3, p36
Academic Journal
This article discusses on the aspects of a successful financial planning profession in the U.S. It is true that some leaders in financial planning profession failed, some went to jail; others were driven out the business by lawsuit; while some others move to another industry. It was not nice to hear, but it was a useful lesson and part of the maturation process for the profession. According to Bob Veres, publisher of the journal "Inside Information," comprehensive financial planners survived and many prospered. Those who concentrated heavily on the sale of tax-sheltered and usually leveraged tangible offerings disappeared as the world changed.


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