Harold Evensky, long a leading voice in the movement to make the financial advice business a profession, is joining the board of governance for the Retirement Management Analyst (RMA) designation. Evensky’s embrace of the RMA designation represents another big win for the fledgling new financial advisor licensing body. But why would a past chairman of the CFP Board embrace a rival designation? Why would a staunch advocate for the CFP embrace a designation that was a shortcut to the CFP? Why create a competitor? Evensky answered these questions in a phone interview earlier today.
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