Keyword: financial planners

What Happens in Vegas…

The Silver State — with little fanfare and precious little notice — on July 1 enacted legislation that subjects broker-dealers and advisors doing business in Nevada to a new fiduciary standard, and one that explicitly allows the client to sue under state law. And it might inspire similar actions in other states.   Read More

CFP Website Resets Compensation Models for all Planners

There’s a huge controversy brewing in the world of fee-only planners in the wake of the CFP Board’s decision to reset compensation models for all planners on their website to “none provided.” An email sent to all CFP holders last week directed designees to reread the policy about fee-only standards and then select the appropriate compensation model.   Read More