Here is one example. Your financial planner recommends three alternatives. At your request, he provides a complete schedule of commissions and other incentives for each alternative. You notice that the alternative he believes is best for you is also the alternative that pays the least compensation to him. While this will not be the only factor in your decision, it might help ease concern over a possible conflict of interest.
Many financial planners use initials.
Being an RFP means the planner is listed in the Registry of Financial Planning Practitioners. An RFP, according to Calhoun, is the ultimate credential in financial planning. It has rigorous requirements. If you use a financial planner, find out what background and training he has. One reason is because you might use a financial planner to help you plan for your disabled child's financial future.