The Moran Principle

Hi - long time no speak... I was wondering which way people were going to go regarding the FPA proposals to limit memberships to CFP's or AFP's (those who are enrolled in the CFP program)? I guess you will get some idea of my views on this, but I am worried that there will be a lot of vested interest in maintaining the status quo. After all, when a body such as the FPA transitions from an industry body to a professional association it carries a lot of baggage. There surely can be no doubt that something has to be done about our reputations as financial planners and advisers, and the FPA is the logical body to be at the front of this. However, the lack of clear action in the past has left many wondering if they are up to it. My position is that until the proposed changes are made, the FPA would not have the credibility to be able to actively lobby our position. Most of us know that most of our clients like to deal with us. In fact, most are strong advocates for us when anyon...