CFP Board

The most professional, knowledgeable people loving group on K Street! This body is devoted truly to a higher cause. Their standards ensure excellence and transparency in an industry where it is greatly needed. From the CEO to the board to the foundation and staff. Every individual shows their commitment to standards and their passion for helping better other's lives.

"The result of our review of your complaint is not being made public. As a result, CFP Board is unable to provide you with any additional information beyond the information in this letter." This is the response to a complaint about a "cfp". Just trust them that they are looking out for your interests and that your "cfp" is also. A hoax.
Do NOT use a certified financial planner. You WILL be manipulated, it's what they do, it's their livelihood.
Take your money and invest in a safe balanced mutual fund or ETF. This "cfp" stuff will LOSE you money, big time.
AND, always expect a disingenuous canned spin response, such as the one below, from such a corrupt 'board'. Btw, check out one of their favorite investments, FS Investments in Phila. The energy and power fund still does not let you take your own money out! Been locked and losing $$ for years.

This board which certifies and supposedly provides oversight to Certified Financial Planners is a shame. They exist not for the average investor on the street, but for the CFPs that pay them money to be on their list. I presented the board with solid evidence that my CFP was not living up to his fiduciary responsibility (refused to provide a fee discount as stated in client documents), had lied in writing about his credentials (was a licensed broker, but our contract started that he was not) and reneged on a referral fee after offering one and one was made by me. All this was explained to an investigator and extensive documentation was presented to this individual. I was told there were several possible outcomes of a CFP Board investigation. Everything from formal published sanctions to a nondisclosure action. I believe my case, though substantially backed up with indisputable evidence, was biasly handled. I was told that the CFP board decided on a non-public disclosure action. What I was told that meant was that I would never know what actions, if any, were taken. That is so unfair. It amounts to “We can't tell you anything about anything”. Even though I spent my time presenting a solid case, I guess I know where the CFP Board’s bread is buttered. Whenever there is financial gain involved in one’s decision making there is going to be suspicion about how fair the ruling is. It is the CFP that is paying fees to the Board, not investors. When a non-disclosure decision was made the suspicion very well is supported. In my eyes that is the worst, and possibly most unfair, outcome of my case. Hiding everything from everyone, including me, the complainant. Shame on the CFP Board.