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Certification Updates

CFP Board Appoints Two New Members to Disciplinary and Ethics Commission

Mar 30, 2010

Washington, DC, March 30, 2010 – Certified Financial Planner Board of Standards, Inc. (“CFP Board”), the non-profit certifying and standards-setting organization that oversees more than 61,000 CERTIFIED FINANCIAL PLANNER™ professionals, today announced that two new members will join its Disciplinary and Ethics Commission.

The Commission is responsible for conducting disciplinary hearings three times each year and applying the Standards of Professional Conduct to allegations of misconduct by CFP® professionals. The Commission imposes appropriate discipline where it finds violations of the Standards.

The two new members of the Commission are Matthew Murphy, CFP®, President of Murphy Capital Advisors, with offices in Glendale, AZ and Chicago, IL and Chris Beard, CFP®, of Raymond James Financial Services, located in Greenville, SC. Mr. Murphy will serve a four-year term on the Commission, or until the end of 2013. Mr. Beard fills a recent vacancy and will serve for a period of two years or until the end of 2011. These appointments bring the total number of Commissioners to nine, the maximum allowed by the Policies of the Board of Directors.

“Mr. Murphy will bring the fresh perspective of a fee-only planner to the Commission, a business model not currently represented by any of the other members, and Mr. Beard’s appointment will bring additional representation by mid-size to large financial planning and investment advisory firms,” said CFP Board CEO Kevin R. Keller, CAE.

Messrs. Murphy and Beard each have more than 15 years of experience providing comprehensive financial planning and investment advisory services to clients.

About CFP Board: The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board’s mission, acts on behalf of the public, CFP® certificants and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. CFP Board currently authorizes more than 60,000 individuals to use these marks in the United States. For more about CFP Board, visit www.CFP.net.

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CFP® - The Recognized Standard of Excellence in Personal Financial Planning

PRESS CONTACT:
Michael P. Shaw, Managing Director of Professional Standards and Legal
P: 202-379-2230
E: mshaw@CFPBoard.org

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