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Colleges may stop offering CFP

October 14, 2013

Wall Street Journal Wealth Adviser brief writes “CFP controversy hits educators. College-level educators expect to see fallout from the CFP Board’s recent troubles over how advisers have been using the “fee-only” label. For one thing, it’s likely to hurt enrollment in CFP exam courses, one professor tells Financial Planning. Some educators are wondering if they should continue to offer degree and certificate programs.” This follows me recent decision to avoid moving ahead with affiliation with the CFP because their odd positions on how to approach financial planning are not in the public interest for working class Americans who seek professional advice. I plan to revisit the question next year after the dust settles on the current controversy.

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