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CFP Board removes compensation descriptions from consumer website - InvestmentNews
Price discussed in the absence of value is always too expensive - and it may help remove some of the "fee-only morality" crap.
Of course, some people don't like it, but you can read about them in the link.
“The three compensation method categories previously provided by the search tool – Commission-only, Commission and Fee and Fee-Only – were broad enough to capture the various compensation methods financial planners use today, but not very specific or helpful to consumers,” the CFP Board said in a letter to certificants Monday. “We believe the best way for consumers to select their financial advisor is to have a conversation with their prospective advisor.”
Price discussed in the absence of value is always too expensive - and it may help remove some of the "fee-only morality" crap.
Of course, some people don't like it, but you can read about them in the link.