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FPA Drops Salary as Compensation Option for Disclosures

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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