UNDERSTANDING THE DEFINITION OF FINANCIAL PLANNING AND MATERIAL ELEMENTS OF FINANCIAL PLANNING: ADVICE IN A SINGLE SUBJECT AREA

In 2009, CFP Board assembled a Business Model Working Group to discuss the application of CFP Board’s Standards of Professional Conduct to specific situations and business models. This Working Group, comprised of representatives of nearly two dozen financial service firms that employ or contract with CFP® professionals, identified specific scenarios where additional guidance from CFP Board would be helpful. Following the Working Group’s discussions, CFP Board has developed the following multimedia presentations to assist CFP® professionals in understanding and complying with CFP Board’s Standards.

Scenario SS1

Sometimes CFP® professionals provide service to clients in a single subject area. Scenario SS1 describes an estate planning engagement that does not involve financial planning or material elements of financial planning.


Enhanced functions, including an “Outline” tab with slide titles and a “Notes” tab with a transcript for each slide, can be toggled on or off by clicking the Change View icon Adobe Multimedia Controller Icon. Step through the slides by using the Back Adobe Multimedia Icon Step Back and Next Adobe Multimedia Icon - Forward Step Button arrows, or by selecting a slide title from the "Outline" tab.