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Be Cautious of Social Media 'Fin-Fluencers' and Their Financial Advice
Terms and Conditions for the CFP Board Find a CFP® Professional Search These terms and conditions govern your use of the Find a CFP® Professional Search feature on Certified Financial Planner Board of Standards, Inc.’s (“CFP Board”) Let’s Make a Plan website (www.LetsMakeAPlan.org). Before using Find a CFP® Professional, you must read and agree to these terms and conditions, and CFP Board’s Terms of Use. Permitted Uses CFP Board publishes the Find a CFP® Professional as a reference source about CFP® professionals in the United States. It does not include all CFP® professionals – only those who choose to be included. Find a CFP® Professional may be used only by members of the public to locate CFP® professionals and obtain information about them, and individual CFP® professionals or their staff to view their own listings or those of colleagues. You may only use Find a CFP® Professional (as well as any of its data, listings, or other constituent elements) in the ways we describe in these Terms and Conditions. You may not modify, download, republish, sell, license, duplicate, "scrape," or otherwise exploit the information – in whole or in part, or use the information to offer products or services to CFP® professionals. CFP Board may block your use of this search tool indefinitely if it determines that you are using it for a different purpose. Disclaimer of Warranties and Liabilities CFP Board verifies that the individuals accessible through Find a CFP® Professional currently hold CFP® certification, however if a CFP® professional is included in this search feature, it does not imply that CFP Board refers, endorses, or recommends the CFP® professional, and if a CFP® professional is omitted from this search feature, it does not indicate CFP Board’s disapproval. CFP Board also provides information about whether or not the individuals accessible through Find a CFP® Professional have been disciplined publicly by CFP Board, or have made a bankruptcy disclosure to CFP Board that is scheduled to remain on CFP Board’s website according to the CFP Board Bankruptcy Disclosure Procedures that were in effect until June 30, 2020. CFP® professionals provide all other information disclosed through Find a CFP® Professional. CFP Board does not verify and is not responsible for the accuracy, reliability, or completeness of the information that a CFP® professional has provided. For example, CFP Board does not verify that CFP® professionals focus their practices in ...
When Financial Influencers Mislead: The Dark Side of 'Finfluencing'
The dark side of financial influencers shows how easily entertainment can be mistaken for trustworthy financial guidance.
Financial Advice on Social Media Is Growing. And Risky.
Everyday investors are turning to financial influencers, or 'fin-fluencers,' to learn how to manage their finances, but experts say rooting out misinformation is challenging.
Gen Z feels burned after taking financial advice from social media
43% of Americans actively seek financial advice or information online or through social media platforms, increasing to 77% of Gen Z and 61% of millennials. 37% of Gen Z and 25% of millennials have gotten into trouble (i.e. IRS audit) after taking financial advice from social media/online. A quarter (25%) of Gen Z and 23% of millennials say they've been scammed by a bad actor portraying to ...
