Home Breadcrumb caret Industry News Breadcrumb caret Industry U.S. CFP Board angers members over fee-only definition U.S. planners irked over CFP Board’s latest move. By Staff | September 30, 2013 | Last updated on September 30, 2013 1 min read Kahler Financial Group’s president wants to leave the U.S. Certified Financial Planner Board of Standards, reports InvestmentNews.com. It adds the Board recently categorized Kahler as a commission-and-fee advisor, even though Kahler says he’s simply fee-only. The change was made, the outlet found, because Kahler owns part of a family real estate business, a company he “occasionally receives a dividend from…[though he’s] not a salesman.” Kahler isn’t the only planner mad at the Board, adds InvestmentNews.com. On September 20, 2013, the Board “temporarily removed the fee-only description from the website profiles of about 8,000…CFPs…after [learning] that many dually registered advisers and those who work for wirehouses were claiming fee-only status.” Read more about how advisors are questioning the Board’s actions. Also check out: Double-check your outside business activities Regulatory daisy chain threatens advisors Are outside business activities worth the risk? Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo