U.S. advisor in fee-only dispute with CFP board

South Dakota-based advisor Rick Kahler is taking his widely publicized dispute with the CFP Board up a notch, reports FinancialPlanning.com.

Read: U.S. CFP Board angers members over fee-only definition

“Kahler owns a 50% stake in a family-run real estate firm that occasionally cross-refers clients with his planning practice; it used to pay Kahler $150 a month in salary. On Tuesday, the board sent Kahler a letter instructing him to ‘cease referring to your practice as “fee-only” ’ by Aug. 1; Kahler shared the letter with Financial Planning,” the report explains.

It adds Kahler has said he’ll either drop his CFP designation or launch a lawsuit against the CFP Board.

Read more here.

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