Industry

Earning the designation is a grueling process that can seriously benefit an advisor’s trajectory, but it’s also not a panacea for an ailing career.

Company policies were not reasonably designed to detect and prevent misconduct, the SEC claims after one advisor allegedly misappropriated more than $5 million from client accounts.

The impact of technology on client-facing jobs has been grossly overstated. Their threat to the back office, however, is very real.

DaRayl Davis spent client funds on a luxury mansion, theater tickets and car rentals, federal prosecutors say.

The firm has recruited 71 advisors so this year and opened branches in four states, according to a spokeswoman.

The new wave of advertising will highlight the emotional benefits of having a financial plan. Some CFPs have grumbled about funding previous advertising initiatives with their certificant fees.

The No. 1 independent broker-dealer has grown beyond the wirehouses, but it added about 100 fewer advisors than expected from its major acquisition.

The firm plans to double in size in the next three years.

Creation of the blue-ribbon body draws praise and confusion from CFPs who question its utility.

The move boosts the firm's expansion in the central U.S.