CFP Trademark not allowed at JONES!

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Feb 12, 2007 6:17 pm

A buddy of mine from EDJ just told me that he cannot have new business cards printed with the R-circle (trademark) after the CFP initials.  He cannot use the CERTIFIED FINANCIAL PLANNER TM, either. 


What is he supposed to do?  The CFP Board explicitly states that you may not use the initials without the circle or the TM.  He would be risking his status as a CERTIFIED FINANCIAL PLANNER practioner from the Board.


It seems silly to me that Jones is not letting him do this.  Any thoughts?

Feb 12, 2007 6:20 pm

Is it for Jones' legal reasons or is it just because the company they have do the printing is still using a DOS computer system that can't generate an R with a circle around it?


Feb 12, 2007 6:23 pm

Good Questions!  It's probably legal reasons, but I enjoyed your humor regarding the dos operating systems they use.

Feb 12, 2007 6:59 pm
spikedkoolaid:

A buddy of mine from EDJ just told me that he cannot have new business cards printed with the R-circle (trademark) after the CFP initials.  He cannot use the CERTIFIED FINANCIAL PLANNER TM, either. 


What is he supposed to do?  The CFP Board explicitly states that you may not use the initials without the circle or the TM.  He would be risking his status as a CERTIFIED FINANCIAL PLANNER practioner from the Board.


It seems silly to me that Jones is not letting him do this.  Any thoughts?



Sounds like Jones understands how worthless the CFP is.

Feb 12, 2007 8:05 pm
CIBforeveryone:

Is it for Jones' legal reasons or is it just because the company
they have do the printing is still using a DOS computer system that
can't generate an R with a circle around it?


That is "purely incidental" to the real reason.

Feb 12, 2007 8:26 pm

From what I understand, they do not want us to "hold ourselves out" as

Financial Planners. The CFP initials is more to signify that we possess the

designation, not that we are Financial Planners (as in fee-only planners).

Using the "Practitioner" term would give the appearance that we are

planners, not advisors. I believe it is a legal requirement to do it that

way, but then again, I am not really sure.



BUT, it does seem to be in conflict with the CFP Board. However, I doubt

they would allow people to do it if it hadn't been passed by the CFP

Board.



Ohhh, the next Jones Secret revealed!

Feb 12, 2007 11:03 pm

Broker24,


You are right on with your explanation.  It's amazing they would reimburse the financial advisors for taking the classes towards the CFP and they will reimburse you for taking the test, if you pass, but not allow you to put the initials on your card. 


I know a few reps are having their own cards made so they can stay in compliance with the CFP Board.


Feb 12, 2007 11:18 pm
Broker24:

From what I understand, they do not want us to "hold ourselves out" as

Financial Planners. The CFP initials is more to signify that we possess the

designation, not that we are Financial Planners (as in fee-only planners).





IMHO,





B24, EDJ is expecting that the CFP board will encode a fiduciary
standard to clients (prudent man rule) which would conflict with the
"merrill lynch rule" governing financial advice from RR's.



EDJ wants IR's to have the CFP education, which is good to have (and
EDJ deserves kudo's for this), but does not want to imply that IR's
professing the CFP designation have a duty to clients beyond the NASD
suitability rules.



I expect AMP is going to do the same thing real soon now



Also, the circle-R glyph will crash EDJ's layout program but that is "purely incidental" to the real reason.

Feb 13, 2007 1:28 am

Spiked,


    Where did you get your information?  Jones allows either the AAMS or CFP to be placed on your business cards.  Now that you know the facts, hopefully you can feel better about yourself.

Feb 13, 2007 12:19 pm

As a possibilty is the liability issue that titles and designations bring. In the eighties, in one of those big rectangular states west of the Mississsippi the title Vice President cost Pru millions in the Limited Partnership debackle. State AG didn't want to hear that it wasn't a corporate title. The title's intended purpose was to add credibility. Wall Street's lawyers took note.

Feb 13, 2007 12:23 pm
BondGuy:

As a possibilty is the liability issue that titles and designations bring. In the eighties, in one of those big rectangular states west of the Mississsippi the title Vice President cost Pru millions in the Limited Partnership debackle. State AG didn't want to hear that it wasn't a corporate title. The title's intended purpose was to add credibility. Wall Street's lawyers took note.


Make that Misssssisssssippppi, or something close. And yeah I know I screwed up possibility too. Anything else?


Just spell no...

Feb 13, 2007 12:42 pm
rankstocks:

Spiked,

    Where did you get your information?  Jones allows either the AAMS or CFP to be placed on your business cards.  Now that you know the facts, hopefully you can feel better about yourself.


What Spiked said was that EDJ wasn't allowing CFP WITH THE CIRCLE R (trademark) after it on the cards, and THE CFP board doesn't allow use of CFP on public communications without the Circle R.  If that's wrong, fine.  However, it appears that several have concurred that this is true.


You are far too quick to post before you have your facts straight and it makes you look foolish.

Feb 13, 2007 2:35 pm

I also think he was referring to the brand new FA cards coming out.  So he wasn't talking about their old policy.

Feb 13, 2007 10:55 pm

Indyone-You are so correct


RankStocks has been trying to say that the things (facts) I have posted on this site have been untrue.  The funny thing is everything I have posted on this board has been verified by others!  Rankstocks obviously has something against me speaking the truth!

Feb 14, 2007 12:18 am
spikedkoolaid:

Indyone-You are so correct


RankStocks has been trying to say that the things (facts) I have posted on this site have been untrue.  The funny thing is everything I have posted on this board has been verified by others!  Rankstocks obviously has something against me speaking the truth!



Of course he does.  He has Kool-Aid for breakfast every morning.