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Opinion: Why NAPFA's CFP-only approach is a slap in the face of many financial advisors

In the alphabet soup of designations for advisors are many legitimate practitioners whom the association's new policy will shut out

Author Guest Columnist Jack Waymire December 21, 2012 at 3:41 AM
1 Comment
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Jack Waymire: It is hard for me to believe a CPA/PFS with 10 years' planning experience is any less qualified compared with a CFP with the same amount of experience.

RIA Compliance


HJ

HJ

December 22, 2012 — 12:18 PM

Welcome to the commoditization of your industry. When everyone flocked to the easy money of IT services in the 90’s, seemingly benign certifications evolved and suddenly everyone had inane letters following their name on business cards. Once established it becomes a racket in and of itself, requiring annual registration of “continuing education” credits (i.e., income stream) for the certification bodies.

H. Jones, CISA, CISSPIPPI, CNA, CMP, CIA+, CIACREF


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Mentioned in this article:

National Association of Personal Finance Advisors
Association
Top Executive: Geof Brown, CAE

Financial Planning Association
Association
Top Executive: Lauren S. Schadle, CAE, Executive Director and CEO

Paladin Digital Marketing
Consulting Firm, Marketing & Public Relations, Investor Referrals
Top Executive: Jack Waymire



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