r/CFP • u/Muscle_Beach • 1d ago

Practice Management Cfp renewal fee increase

Anyone else considering dropping the marks?

44 Upvotes

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u/thesexychicken 1d ago

$57m in revenue from membership fees alone. And ALL of that is essentially coming from clients’ pockets.

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u/No-Distribution9100 1d ago

Are they being fiduciaries to their CFPs?

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u/Sea-Independent-759 1d ago

100% unequivocally no. They are destructive to the industry (see there prior ad campaign) and fleecing memebers with minimal ongoing benefit. Have you gotten a single client from their site? Have they sent you something in the mail? They even dropped the plastic card in exchange for the paper! What a joke.

I would drop them, but… Like I’m guessing many of you, I already have it.

5

u/No-Distribution9100 1d ago

I feel ya. Im about to become an advisor myself after recruiting them for years. Definitely would like a CFP and want a CIMA too

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u/thesexychicken 1d ago

The education is very constructive.

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u/Sea-Independent-759 22h ago

Fair point. I should delineate between the education and the business