Even the CFP Board's former board members are questioning the organization's recent behavior, and suggesting that an organization be formed on the outside to keep it under control. What is amazing is how ineffective the Board's Board of Governors has been in establishing and maintaining some reasonable governance on the actions of the Board, or even getting its executives to admit that they made a dumb mistake that they will have to go back and correct.
Meanwhile, this issue of the Journal includes one terrific contributed research article and two that are, well, somewhat embarrassing. The cover article offers a view of life insurance (as an investment) that you've seen before once or twice, and Rick Ferri is surely right that the gimmicky new ETFs are probably not going to be as beneficial to clients as the plain vanilla index variety that have been around since inception.
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