By Dan Candura, CFP, United States
With all the controversy surrounding the use of performance enhancing drugs by professional athletes, it would seem strange to advocate that financial advisers should emulate them. I certainly don’t suggest that our profession take on the “win at any cost” mentality that pervades sports. But, there is one area where I think the practices of sports teams can help our profession.
Continue reading Fee Disclosure and Why Financial Advisers Should Be More Like Athletes
By Suresh Sadagopan, CFP
Have you ever bought an insurance policy? When you purchased it, did you go through the four pages of fine print and understand everything? If you are like most people, you wouldn’t have even opened the envelope in which the insurance policy was sent to you in!
Continue reading Financial Planning: How to Properly Disclose Information
By Sunho Kim, CFP
The FPA in Australia reports that CFP professionals account for over 35% of the planner population but less than 2% of ASIC enforcement activity. This correlation is pleasantly surprising, but it doesn’t prove that CFP professionals have done everything they can for financial consumer protection.
Continue reading Financial Consumer Protection: Changing Our Perspective
By Taylor Liao, CFP
“The pessimist sees the difficulty in every opportunity; the optimist sees the opportunity in every difficulty.” – Sir Winston Churchill
There isn’t regulation in Taiwan enforcing financial planners to disclose the commission they receive from vendors of products.
Continue reading Proper Fee Disclosure in a Financial Planning Meeting