Image Credit: Alex Nabaum
By Jason Zweig | March 6, 2020 10:40 am ET
With markets in turmoil, investors need financial advice more than ever. Unfortunately, figuring out where to get it and how to pay for it just got a little harder.
Until now, consumers could use LetsMakeAPlan.org, a website run by the Certified Financial Planner Board of Standards Inc., a professional-certification body for planners, to see whether an adviser earns commissions, fees or a combination. In an email this week, the CFP Board told financial planners the public search tool on LetsMakeAPlan.org will no longer disclose how they are paid.
That means the search for financial advice, already bristling with jargon and confusion, will require investors to ask even more questions than before. Itâs a shame the CFP Board is punting instead of pointing toward clear and simple disclosure.…
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For further reading:
Benjamin Graham, The Intelligent Investor
Jason Zweig,The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
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