October 1997
Journal of Financial Planning;Oct97, Vol. 10 Issue 5, p19
Academic Journal
The article presents information on the adoption of standards for financial planners' declaration. The Institute, along with the International Association for Financial Planning (IAFP) and the International Board of Standards and Practices for Certified Financial Planners, Inc., now known as the Certified Financial Planner Board of Standards, jointly adopted an "Ethical Standards for Financial Planners" declaration. A financial planner shall always serve the best interest of die client by offering, delivering and performing services in a fair, honest, lawful, competent and diligent manner. In an address before the North American Securities Administrators Association, Institute President Charles G. Hughes, Jr., CFP, described results of a survey the Institute had conducted of consumers regarding their use of financial planners. He reported that 75 percent of them expected to receive investment advice and that only 27 percent of clients had received a full disclosure document when engaging a financial planner.


Related Articles

  • Advice on the record. Hills, Samantha // Money Management;5/24/2012, Vol. 26 Issue 19, p18 

    The author discusses why financial planners must use Record of Advice (ROA). She mentions that ROA which performs function similar to the Statement of Advice (SOA) is typically shorter, more informal and has fewer content requirements. She states that ROA can be used in four occasions such as...

  • Attracting the Affluent. Weber, Keith J. // Bank Investment Consultant;Oct2011, Vol. 19 Issue 10, p29 

    The article offers tips on how to improve awareness and credibility of an investment services program so it can attract high net-worth clients. It suggests that the investment services program needs to be positioned as a core offering to both staff and consumers. It advises that customers should...

  • Qwest to prevent over-borrowing. Wilkinson, John // Money Management;1/27/2005, Vol. 19 Issue 2, p8 

    Reports on the development of the debt management and financial forecasting program by Qwest Money Management Systems in Australia. Offer of solution to the problem of high household debt; Assistance of advisers to outline the impact of over-borrowing to clients; Consolidation of the company's...

  • In Support of CPA Financial Planners. Melancon, Barry C. // CPA Wealth Provider;Oct2004, p19 

    The article reports on the role of Certified Financial Accountant (CPA) in the expanding field of personal financial planning (PFP). The CPA profession has had a significant role in shaping and directing the future of PFP services. The emergence of CPAs as financial planners and wealth managers...

  • Finding a Financial Advisor. Haunty, Thomas A. // Young Lawyer;Oct2010, Vol. 15 Issue 1, p1 

    The article presents questions and answers related to financial advisors including what do they do, how do they charge for their service and on their selection.

  • Planned Giving-- The Missing Link in Financial Planning. Woollen, Thomas H. // Journal of Financial Service Professionals;May2005, Vol. 59 Issue 3, p49 

    Financial planners don't talk much to their clients about planned giving. Yet, colleges, universities, medical facilities, libraries, museums, religious organizations, and the thousands of foundations and other charitable institutions in the United States rely on the charitable nature of their...

  • INDEPENDENT VIEW. Buttercase, Steve // Money Marketing;12/2/2004, p33 

    Criticizes the British government's decision that a solution to consumer apathy towards saving was pricing. Challenges for investment advisers and financial planners; Recommendation to adopt a centrally funded individual financial advice.

  • The Change Equation. Veres, Bob // Financial Planning;Jul2010, Vol. 40 Issue 7, p25 

    The article presents practical ideas culled from behavioral finance research. Research on behavioral finance that were conducted by Harvard Economics professor Robert J. Goldman and his graduate students and presented at the Greater Phoenix chapter of the Financial Planning Association (FPA) are...

  • HOW IS YOUR BUSINESS? Gevlin, Kathy // Financial Planning;Nov2007, Vol. 37 Issue 11, p88 

    The article reports on the College for Financial Planning's (CFFP) 2007 Survey of Trends in the Financial Planning Industry which revealed that financial planners love their jobs. The survey states that experience matters in the financial planning industry. It highlights the outlook that the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics