CFP Exam
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[quote=anonymous]
bankrep1, I hope for your sake that your post is just trying to test my knowledge and is not serious.
What the CFP BOG has to say is meaningless. They have no oversight over registered reps and they have no oversight over RIAs. When you are earning commissions, you are not acting as an advisor. It does not matter that you are giving them great advice and you have CFP after your name. You are a registered rep and the standard that you must meet is "suitability". Without an advisory agreement, you are not an advisor, thus you don't have fiduciary responsibility.
"Are you pushing product or helping people set and acheive goals while providing advice on every financial decision that affects them? That is how I determine the difference."
The SEC disagrees with you. Unfortunately, our opinions don't count. You can't hold yourself out as an advisor to a client if you don't have an advisory agreement.
[/quote]
Why are we even messing with this guy? He's a bank broker making $50,000 per year, at most.
Knucklehead,
I agree in a legal sense you’re correct, as a CFP you voluntarily accept to be held to a certain ethical level the “F” debate is a long winded argument amongst CFP’s I am not going to bring it up here.
My point is do you know what your talking about or just the 5 minute pitch the wholesaler gave you at this mornings meeting.
[quote=bankrep1]Knucklehead,
I agree in a legal sense you're correct, as a CFP you voluntarily accept to be held to a certain ethical level the "F" debate is a long winded argument amongst CFP's I am not going to bring it up here.
My point is do you know what your talking about or just the 5 minute pitch the wholesaler gave you at this mornings meeting.
[/quote]
You've got me confused with someone else. I'm independent. I don't have morning meetings. I don't attend ANY meeting that I don't want to attend. You can't relate.
Dirk,
Would it also be true that you would have to maintain a higher fiscal
responsibility to your customers with the CFP? I mean the CPA, while a
great knowledge resource for you and your customers, really doesn’t
mean a whole lot to a court of law when you are discussing
appropriateness of investments (outside of tax implecations). Upon
reading some of your peers post, you are wise not to obtain your CFP, as
it could hinder current practices?
[quote=anonymous]
bankrep1, I hope for your sake that your post is just trying to test my knowledge and is not serious.
What the CFP BOG has to say is meaningless. They have no oversight over registered reps and they have no oversight over RIAs. When you are earning commissions, you are not acting as an advisor. It does not matter that you are giving them great advice and you have CFP after your name. You are a registered rep and the standard that you must meet is "suitability". Without an advisory agreement, you are not an advisor, thus you don't have fiduciary responsibility.
"Are you pushing product or helping people set and acheive goals while providing advice on every financial decision that affects them? That is how I determine the difference."
The SEC disagrees with you. Unfortunately, our opinions don't count. You can't hold yourself out as an advisor to a client if you don't have an advisory agreement.
[/quote]
The underlined and statement above is the single most stupid thing said on this forum since I started to read it.
Even dumber than "Earnings always go up, therefore stock prices always go up" which was the previous winner.
Don’t sell yourself short there, Putsy. Almost everything you post is good enough to get you into the Mindless Idiot Hall of Fame.
Hey stop giving bank reps a hard time. We make as much or more than the average indy, or at least I do.
EZ we work for peanuts, no one thinks about volume, just about % payout. It’s amazing they call themselves financial experts, kinda a joke.
I bought the Kaplan CFP Exam Material 2007 set that good till exam next April. I decided not to take the exam and would like to sell this away. Very new condition (very few pencil mark only). Original is $449 including tax and shipping from Kaplan. I am selling it for $300. I will pay the US book rate shipping. Please contact me promptly at [email protected] if you are interested. I will take PayPal payment. Do not reply in this forum.
This is the link to the description of the Silver Package study material:
http://www.kaplanfinancial.com/kfs/Advanced-Designation-Prog rams/CFP/Live-Review/Study-Materials/Index.asp
Has anyone taken the Ken Zahn online course. I am going to sign up for an education class and have heard good things about him. Would love some honest input from someone who took it. If you haven’t taken it please disregard.
If a person is looking for financial planning help there is only one type person to contact; a CFP. Certainly a CPA, CFA, or lawyer does not have the background to do financial planning. I would NEVER, NEVER trust someone to do financial planning who does not have the CFP designation. What is an ASF ???
I am also in need of the help regarding the law school admission exam. Actually I have to take this test in the month of June so at this moment having a thought to join the Best LSAT Prep Course but not finding any good course. It will be good if you could help me find a good course!