Wait! What? What’s the issue here?

Any recommendations on a particular brand? I bought a few off Amazon a year or so ago to make pancake designs, and it ended up being a disaster because I couldn’t get the batter out (even after making the hole bigger)! Thanks in advance

“There is a 99% chance that I lost more due to their negligence (blame can also be laid of the feet of ratings agencies and others) than you will make in your entire life.”

I guess it’s all relative. In the plethora of professional designations, the CFP is the least regarded and the least rigorous based on educational requirements and the difficulty of the test that must be passed. In my experience, people attracted to the CFP designation are brokers who are looking for the appearance of…

There are no (zero) legal consequences to having your CFP license suspended. The only thing that will happen is the CFP designation on your advisor’s business card will disappear. That’s it. And, if you are a client, don’t expect to be receiving a letter from your financial planner about their CFP status.

So, exactly how much did you lose then, baller? Are you still paying off your student loans from your degree at Trump University?

The CFP Board is a nonprofit organization, not a governmental body nor a regulatory group. Obtaining a Certified Financial Planner (“CFP”) designation does require some additional education and an examination, but it is not exactly a rigorous process. There are no consequences if a CFP does not meet the CFP Board’s…

How much did you lose with Bear Stearns? Goldman Sachs?

How much are you getting paid by the College of Financial Planning/CFP Board to write this piece? I am not going to go into it again, but an oath to act as a “fiduciary” carries no weight under the law. Most CFPs I know work at brokerage firms - you know, the ones that are not fiduciaries based on the legal…

I had a similar thought, especially when she dropped in the reference to the CFP designation. Almost every CFP I know is a broker, a non-fiduciary. Alicia doesn’t seem to understand there is a big difference between the law and the certificate you hang on your wall. I am going to respectfully disagree that CFPs are…

I just watched this video. It made me think of you:

I apologize for the insult.

Your community must be terrible to live in because I have no idea what you are talking about.

Since you seem to be a big fan of “facts”, I thought I’d provide you some helpful links to some actual facts:

Seriously? You have no idea what you are talking about. A non-fiduciary is not able to legally “scam” you.

I believe you are confusing fee-based investment advice and fee-only financial planning. A fee-only financial planner only charges a flat or an hourly fee for their planning advice. They would not typically make any other money on their advice. If they do, then they are possibly misleading their clients. You should…

The CFP Board is a nonprofit organization, not a governmental body nor a regulatory group. Obtaining a Certified Financial Planner (“CFP”) designation does require some additional education and an examination, but it is not exactly a rigorous process. There are no consequences if a CFP does not meet the CFP Board’s…

I think it is fair to ask the question and put into an engagement letter (for services) a requirement that any “kick-backs” be disclosed and used to offset any fees. When you ask the question, if you are direct, you will know if this is a concern when you ask for the additional terms.

Did we read the same article?

CFP is a marketing designation.