Knut Rostad interviewed Former CFPB Chair, Susan John, about CFPB’s recent decision to erase advisor compensation methods from its website.
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Protected: Charleston Financial Advisors Form CRS Draft
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Erasing CFPs Compensation Methods is a “Doozy” of a Mistake
CFP Board recently erased compensation categories on its website, making it impossible to search for an advisor that way.
CFP Board removes compensation descriptions from consumer website
Knut Rostad, president of the Institute for the Fiduciary Standard, said investors should have a clear idea of which advisers are fee-only.
A Disappointing Move by the CFP Board
Many financial advisors today, including CFPs, call themselves “fiduciaries” but still possess conflicts of interest that are often not properly managed.
Debate Counter Point: “Testimonials and Endorsements Won’t Help Investors”
Karen Barr and Knut Rostad take opposite sides of the timely debate on advisor advertisements with testimonials and endorsements.
