Denver (Dec. 30, 2003) -- Clients aren’t the only ones whose confidence in the securities markets has been shaken by the spate of corporate governance, accounting and mutual fund scandals -- some financial planners have the jitters as well, according to a survey of Certified Financial Planner professionals by the CFP Board.
When asked how much the past three years’ corporate governance scandals, accounting irregularities and mutual fund trading accusations have affected their own confidence in the securities markets, 54 percent of the 418 CFP respondents said they were somewhat less confident, and another 7.9 percent were much less confident. Almost 32 percent had no change in confidence, while 5.5 percent said they were somewhat more confident, and 1 percent were much more confident.
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