Standards

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  Advisor Groups Refute FINRA’s Cost Estimates for SRO Role

  By Melanie Waddell, AdvisorOne  |  May 10, 2012

  The Boston Consulting Group released Thursday a review refuting FINRA’s cost estimates in assuming the role of an SRO for advisors, saying it underestimated costs and overestimated productivity.

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  CFP Board Seeks Comments on Sanction Guidelines

  By Melanie Waddell, AdvisorOne  |  May 1, 2012

  The Certified Financial Planner Board of Standards announced Tuesday that it was seeking comments on its proposed sanction guidelines.

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  With Planners' Finances Worsening, CFP Board to Publicize Bankruptcies

  By Melanie Waddell, AdvisorOne  |  April 6, 2012

  With the number of bankruptcies among certified financial planners on the rise, the CFP Board of Standards announced Thursday that it will start disclosing CFP holders’ bankruptcies to the public.

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  SRO Bill’s Redraft Hangs in Balance With Bachus to Leave House Panel’s Helm

  By Melanie Waddell, AdvisorOne  |  January 23, 2012

  House Financial Services Chairman Spencer Bachus’ recent announcement that he will leave his post likely when a new Congress convenes could prompt him to move quickly in pushing through his committee a redraft of his SRO bill.

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  CFP Board Mulls Changes to Disciplinary Approach on Bankruptcies

  By Melanie Waddell, AdvisorOne  |  January 18, 2012

  The Certified Financial Planner Board of Standards announced Wednesday that it’s seeking comments by Feb. 17 on whether to modify the way the Board handles bankruptcy filings by CFPs.

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  Fixing the 3 Top Mistakes Advisors Tend to Make With Their Clients

  By Liz Davidson, Financial Finesse  |  December 20, 2011

  Are you enabling your clients to focus on the wrong measures of satisfaction with you and what you offer them? Three common mistakes, and how to ameliorate them for your benefit and your clients'.

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  Advisor SRO Would Cost Twice as Much as Funding SEC Exams

  By Melanie Waddell, AdvisorOne  |  December 15, 2011

  The report, conducted by BCG and funded by advisor groups and TD Ameritrade, was released before a House panel vote on a spending bill that included a $136 million increase for SEC funding.

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  Barney Frank Tells AdvisorOne: No to Bachus’ SRO

  By Melanie Waddell, AdvisorOne  |  December 1, 2011

  A couple of days after announcing that he won’t seek re-election in 2012, Rep. Barney Frank, ranking member on the House Financial Services Committee, told AdvisorOne on Thursday that he “doesn’t like” his committee chairman’s bill calling for an SRO for advisors.

• One in Three Couldn’t Make Housing Payment if Laid Off: Survey

  By Marlene Y. Satter, AdvisorOne  |  September 28, 2011

  Americans say they are worried about their finances, but a third of them say that although they take time for financial planning, they also say they could not make their rent or mortgage payments for more than a month if they lost their jobs, a new survey says.

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  At FPA San Diego, Organization's Leadership Addresses Goals, Advocacy, Challenges

  By John Sullivan, AdvisorOne  |  September 17, 2011

  The Financial Planning Association’s leadership met with members of the press in San Diego on Saturday for a frank discussion of the organization’s stable membership, advocacy efforts and “second decade” initiatives.