Updated Tuesday, September 2, 2014 as of 5:29 AM ET

Planners Unhappy Over CFP Board's Bankruptcy List

The CFP Board's release of the names of nearly 50 certified financial planners who have declared bankruptcy within the last five years is not sitting well with the planners.

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Comments (2)
Interesting that they choose to report something that has no effect on client satisfaction or superior results achieved by those who go to the considerable expense and effort to take their certification.

... I thought by now most of us were interested in NOT fostering the nanny state...if it is important to clients, they will ask ...

If it is important to you, better to refuse or revoke certification for that reason than to take the money, then publically embarrass a rep...

Shame on you, CFP Board...
Posted by don b | Tuesday, April 22 2014 at 12:51PM ET
Please, it is highly relevant information for potential clients to know. After all, you are a FINANCIAL planner. Here's a thought - don't declare bankruptcy, which is a perfectly legal procedure to discharge debt. With all the phony "5 Star Manager" and alphabet soup designations touted by the industry, few things seem more relevant than how you personally handle your own financial situation.
Posted by CHRISTOPHER D | Thursday, April 24 2014 at 6:30PM ET
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