Eighty three percent of registered voters polled by the Financial Planning Coalition say they support increased regulation for financial planners. This held true even among 44% of respondents who say they have used a financial planner in the past, according to the results of a survey that the coalition released last week.
The Financial Planning Coalition is made up of three industry organizations: the Certified Financial Planning Board of Standards, the Financial Planning Association and the National Association of Personal Financial Advisors. It collaborated with the Global Strategy Group to do an online survey in January of 404 voters in the Washington, D.C. area. “We are fiercely advocating the pro-consumer aspect of regulation,” Marilyn Mohrman-Gillis, managing and public policy director for the CFP Board said in an interview. “We wanted to demonstrate that there is public support for pro-consumer regulation.”
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