Planners should be forthcoming about their fees

The Boston Globe | December 31, 1992| | Copyright

Financial planners had several chances to continue raising the standards of their profession in 1992, but couldn't manage it. Maybe they'll do better in 1993.

The delay is unfortunate for the industry, because as people start putting their income tax records together in the next few weeks, many will once again ask themselves whether they need long-range financial and investment advice. They will be good candidates for financial planning. Meanwhile, the growing affluence of the nation's aging baby boomers should give planners another huge source of clients.

But by failing to come to terms ...

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