Can These People Teach Financial Planning?
January 19, 2012
Smart Money 'It's an industry fraught with problems, abuse, misunderstandings, court cases, you name it,' says Texas Tech professor Deena Katz, and the only way around that is 'to have advisers with a formalized education.'
It's a scene that has the nervous-perspiration intensity of a training session at a cutthroat brokerage. Attorney Mitzi Lauderdale is drilling her charges on the aspects of estate planning, peppering them with questions: How do you calculate the capital gain on an item that has been gifted multiple times before being sold?
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"It's an industry fraught with problems, abuse, misunderstandings, court cases, you name it," says Texas Tech professor Deena Katz, and the only way around that is "to have advisers with a formalized education."