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“In the wake of controversies involving some advisors use of the term “fee-only,” the CFP Board of Standards has temporarily removed the designation from its Web site.”

According to fa-mag.com reporter Karen Demasters, “The CFP Board maintains a Web site to help consumers locate financial advisors who have earned the CFP designation. Included in the description of the advisors was how they were paid for their services: fee-only or commissions. Advisors could select which applied to them.”

“By temporarily removing the "fee only" field from all advisor descriptions on its Web site, the board, in effect, is giving advisors a chance to modify how they describe their compensation. If the board finds an advisor has provided inaccurate fee disclosure information once that field is made public again, the board will take enforcement action.”

For more, see https://bit.ly/18Mic4U