Fiduciary Standard: Moving the Ball Forward

Over the last several weeks there has been a growing conversation in blogs, columns and other venues about Certified Financial Planner Board of Standards' fiduciary standard -- when and to whom it applies and whether it is sufficiently comprehensive to benefit the public. On one blog, Scholarly Financial Planner, Ron Rhoades, CFP, challenged the CFP Board to “move the profession forward” by requiring that “those who hold themselves out as CFP certificants [be] held to fiduciary status at all times.”

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Comments (3)
With appreciation to Kevin Keller for his views, I reply.
Posted by Ron R | Thursday, November 01 2012 at 9:56PM ET
I am in full agreement with Ron Rhoades that a CFP should act as and be held to the Fiduciary Standard at all times. This, in my opinion, is the only way to safeguard the investing public. I commend Undersecretary Borzi for her dilligent efforts to institute the Fiduciary Standard for all in our in our industry.
Thpmas F.
Posted by Thomas F | Thursday, November 14 2013 at 11:37AM ET
Enter the Certified Medical Planners(TM)

There is no certification program, course of study or professional designation for FAs who wish to enter the lucrative financial planning space serving physicians and healthcare professionals.

That's why the R&D efforts of our governing board of physician-directors, accountants, financial advisors, academics and health economists identified the need for integrated personal financial planning and medical practice management as an effective first step in the survival and wealth building life-cycle for physicians, nurses, healthcare executives, administrators and all medical professionals.

Now - more than ever - desperate doctors of all ages are turning to knowledge able financial advisors and medical management consultants for help. Symbiotically too, generalist advisors are finding that the mutual need for extreme niche synergy is obvious.

But, there was no established curriculum or educational program; no corpus of knowledge or codifying terms-of-art; no academic gravitas or fiduciary accountability; and certainly no identifying professional designation that demonstrated integrated subject matter expertise for the increasingly unique healthcare focused financial advisory niche ... Until Now!

Enter the Certified Medical Planner(TM) charter professional designation. And, CMPs(TM) are FIDUCIARIES, 24/7.

Ann Miller RN MHA
Posted by Ann M | Wednesday, December 24 2014 at 9:01AM ET
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