What’s Going On with the CFP Board?
Bob Clark, editor of Investment Advisor Magazine, jumps up on his soapbox to tell us about some of the current problems with the CFP board.
Here’s how the article starts:
One the things I love most about covering financial planning is the CFP Board. They may be the worst thing to happen to the planning profession since limited partnerships, but I pray that planners continue to keep them around, for the entertainment value alone. I had begun to despair that with the appointment of Sarah Teslik as CEO, the Board had entered a new era of boring professionalism. Then, suddenly, my spirit was buoyed to new heights as those wacky folks in Denver unleashed a staggering one-two combination—Sarah Teslik going off the wall on Nightline and then the baffling proposed revisions to the Board’s code of ethics.
Read the article. It’s extremely informative about an important issue to advisors—credibility. Plus Bob has a fun writing style, making it easy to see the entertainment value in some otherwise sad circumstances.
I want to watch that Nightline video.
WealthFly » said,
December 7, 2006 at 9:24 pm
[…] Bob Clark at Investment Advisor Magazine has written another highly entertaining article. A couple months ago, he wrote a scathing article about the then-CEO of the CFP board, Sarah Teslik. It was highly critical of her for, well… I’ll let him tell you: 1) firing most of the [CFP] staff and replacing them with what’s rumored to be a small cadre of former cronies who have no experience with or affinity towards financial planning; […]