What standards guide the professional conduct of a CFP professional?
CFP professionals must follow a professional Code of Ethics. The Code is designed to better serve you, the consumer, by requiring disclosure of pertinent information about a CFP professional and describing the behaviour you should expect from your planner. A CFP professional is obliged to place the client’s best interest first. He or she must disclose relevant information that might affect the financial planning relationship, such as sources of compensation including fees or commissions, and any potential conflicts of interest that might compromise the planner’s objectivity.
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