Commentary: Revisions needed to "fee only" definition

09/12/2013 | Nerd's Eye View blog

The CFP Board should define financial planners' models based on the compensation they actually receive, not what they hypothetically are entitled to receive, writes Michael Kitces. "We don't put people in jail because they could murder someone when they haven't, and we don't arrest people because they could commit fraud when they never have," he writes.

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