Days after issuing an ultimatum, the CFP Board backed off its demand that well-known planner Rick Kahler meet a Friday deadline to comply with its rules for using the term fee-only or risk an investigation.
The about-face came after Kahler threatened to sue the board partly because, he claims, board officials provided him with 10 months of conflicting advice over whether he can continue calling his Rapid City, S.D.-based planning firm fee-only. Kahler also owns a 50% stake in a real estate firm that receives commissions.
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