I thought the copy of this email I received from the CFP board was interesting. Perhaps the only voice from the industry (besides NAPFA, of course) saying it is a good idea.
CFP Board, along with our partners in the Financial Planning Coalition – Financial Planning Association and National Association of Personal Financial Advisors – have been supportive of the DOL's efforts to update this 40-year-old rule. The Coalition's support for the DOL rule is consistent with our longstanding support for fiduciary-level advice in financial services and our collective belief that financial advice should be delivered to the public with fiduciary accountability and transparency, always serving the client's best interests.
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way