RJ and Makay

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The Certified Financial Planner Board of Standards announced last Thursday that it would begin to make certified financial planners’ (CFPs) bankruptcies available to the public. The board said it would issue press releases on CFP bankruptcies, making the information available to investors searching the Internet for a financial advisor.  It will also post such notifications on the CFP profiles listed on the board’s website.

Financial advisors' earnings declined 11% last year, indicates a new poll by the College for Financial Planning. Among 345 Certified Financial Planner (CFP) certificants and recent graduates of the College's CFP program, average annual earnings were $190,922 last year compared with $215,345 in 2009 and $195,349 in 2008. Residual effects of the recession were responsible for last year's decline, the College suggests.

Although they made less money last year, 94% of respondents said they're happy with their career choice. The poll also found respondents are: