Advisors that carry the CFP designation are prepping to be held to a broader fiduciary standard, starting October 1 of this year. (Photo: Shutterstock)
As the financial services industry braces for the Securities and Exchange Commission to drop new regulations governing broker-dealers' standards of conduct, advisors that carry the Certified Financial Planner (CFP) designation are prepping to be held to a broader fiduciary standard, starting October 1 of this year.
Under the CFP Board's existing code and standards requirement, CFPs are held to a fiduciary standard when providing financial planning.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
