This section clarifies CFP Board’s enforcement activity regarding employers and firms.
CFP Board wants all CFP® professionals to have a thorough understanding of the Standards of Professional Conduct. Questions not answered in these FAQs may be sent to email@example.com for consideration and possible inclusion in future revisions of this document.
Question 10-1: Are firms required to ensure that their employees and representatives who hold the CFP® certification adhere to CFP Board’s ethical standards?
No. CFP Board certifies individuals, not firms. As a condition of CFP® certification, CFP® professionals are required to abide by CFP Board’s Standards. While firms themselves are not required to abide by the Standards, many have undertaken efforts to assist the CFP® professionals they employ, or with whom they are affiliated, to comply with their responsibilities as CFP® professionals. The Standards specifically note that a CFP® professional will be considered in compliance with the Standards if the CFP® professional’s employer has completed the required actions on his or her behalf. [See Introduction to the Standards]
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CFP Board welcomes questions about specific aspects of the Standards of Professional Conduct and their application to specific situations.
CFP Board will consider all questions submitted and draft a response where it determines that interpretation of the Standards is needed. For responses that it believes would be helpful to all CFP® professionals, CFP Board will publish its response in CFP Board’s newsletters and on CFP Board’s website.
Send your questions and requests for guidance documents to CFP Board at firstname.lastname@example.org.
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Review other Compliance Resources from CFP Board