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CFP Board in the News

A Financial Self-Defense Guide for Older Americans

Mar 28, 2013

The guide, “Financial Self-Defense for Seniors,” was developed by the Certified Financial Planner Board of Standards, a nonprofit group that administers the credential for [CERTIFIED FINANCIAL PLANNER™ professionals]. To earn the “certified” designation, financial professionals must meet certain requirements for education and experience and pass a difficult exam on a variety of financial topics.

The new guide lists “red flags” to watch for, and offers advice for vetting financial professionals before you sign up to work with them. It suggests, for instance, asking if, in offering advice, the adviser is required to use the “fiduciary” standard. That standard obligates the professional to put the client’s interests first and to fully explain any conflicts of interest that might affect the advice provided to you. (All planners with the [CFP® certification] designation must adhere to the fiduciary standard, the board says.) Read more >

The New York Times
Ann Carrns
March 28, 2013

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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