Misuse of the “fee only” label could result in everything from public admonishment to the revocation of CFP certification.
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Regulators to Scrutinize ‘Fee Only’ Advisors
The Certified Financial Planners Board of Standards will be conducting a random sampling of financial advisors who market themselves as “fee only”—that is, impartial in their recommendations—to make sure they’re not selling products or services on commission. So reports Reuters.
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