'We’re Looking to Be More Than Just a Certification Board,' Ferrara says.
The new chair of the Board of Directors for Certified Financial Planner Board of Standards, sat down to talk about his new role and what's up next for the CFP Board. Ray Ferrara, [CFP®] CEO of Clearwater, Fla.-based ProVise Management Group, took over the role on Jan. 1, 2014 from the previous chair, Nancy Kistner, [CFP®].
WealthMangement.com: What’s up next for CFP Board?
Ray Ferrara: I’m excited about what is happening. A year and a half ago, [CFP Board] came up with 5 year strategic plan, AGRA. [The acronym stands for CFP Board’s areas of focus: Awareness of the CFP® mark; Growth of membership; Regulation of financial planners, and being the Authority in financial planning] We’ve already made progress on the first “A” for awareness, phase two of that is out this week, with our public awareness campaign and webinar. We’ve also had huge growth. We have over 69,000 CFP® professionals, a 25 percent growth rate over the last 5 years. And we’ve challenged the team with reaching a minimum of 81,000 in next 4 years. We also continue with partners, with the coalition, to push for regulation. We’re working to keep fiduciary word in front of regulators. We’re looking to be more than just a certification board. Read more >
February 5, 2014