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CFP Board in the News

CFP Board Puts Spotlight On Bankruptcies

Jan 01, 2011

With the Certified Financial Planner Board of Standards Inc. this spring rolling out a national public awareness campaign to promote the message that CERTIFIED FINANCIAL PLANNER[™ professionals] should be the advisors of choice for the investing public, the organization will stress the need for certificants to live up to the billing.

“I think our primary focus in 2011 will be on education,” says Ed Mora, who in January begins his one-year stint as chairman of the CFP Board’s Disciplinary and Ethics Commission (DEC). He said that means more webinars and speaking engagements to get the word out to certificants to make sure they understand the rules and process, especially in light of the new public awareness campaign....

Mora says bankruptcy cases have risen “dramatically” in recent years due to the economic downturn. “Most we see are personal in nature, not necessarily the practice going under,” he notes.

A person can’t be awarded the CFP® marks if they’ve had a bankruptcy within the past five years, but Mora says the individual can appeal and the DEC will hear their case. Read more >

Financial Advisor
January 2011
Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call himself a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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