Citing a need for an organization to support financial advisers, accountants, insurance agents, attorneys and other professionals who serve the high-net-worth market, a group of advisers from around the nation has launched the Wealth Advisor Institute.

The Washington-based group will concentrate on offering professional development opportunities through a highly regimented curriculum, including courses that can help advisers earn continuing education credit. In response to initial feedback from advisers, the institute will also devise a best practices set of standards and guidelines for advisory practices. Advisers have often complained of a lack of unbiased, objective formal training, and a poor perception among the public.

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