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FPA Drops Salary as Compensation Option for Disclosures

Friday, Sep 06 2013

News Roundup

Written by PFA News

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The Financial Planning Association has dropped “salary” as an option on its compensation disclosure template, leaving advisors with “fee only,” “commissions,” and “combination fee/commissions” as options. So reports Financial Planning.com.

According to the CFP Board of Standards, advisors cannot say they are compensated with a salary if their employers generate revenue from commissions.

Read the full article from Financial Planning.com.

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