TITLE

TEN YEARS AGO AT THE INSTITUTE

PUB. DATE
October 1997
SOURCE
Journal of Financial Planning;Oct97, Vol. 10 Issue 5, p19
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9712013878

 

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