Misuse of the “fee only” label could result in everything from public admonishment to the revocation of CFP certification.
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The Certified Financial Planners Board of Standards will be conducting a random sampling of financial advisors who market themselves as “fee only”—that is, impartial in their recommendations—to make sure they’re not selling products or services on commission. So reports Reuters.
Misuse of the “fee only” label could result in everything from public admonishment to the revocation of CFP certification.