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CFP Board Seeks Comments on new Educational Requirement

Aug 05, 2009

WASHINGTON, DC, August 5, 2009 — Certified Financial Planner Board of Standards, Inc. (CFP Board) is seeking comment on a proposed change to its educational standards that would require individuals seeking to become CERTIFIED FINANCIAL PLANNER™ professionals to demonstrate their ability to address the financial planning subject areas of CFP Board’s certification requirements in an integrated, written financial plan.

CFP Board has proposed adding a financial plan development course to its educational standards and is seeking public comment on the proposed addition. The Financial Plan Development Course requirement would require those seeking to attain CFP® certification to prepare a written and comprehensive financial plan and have their performance assessed based on the written plan and an oral presentation of the plan.

“The proposed Financial Plan Development Course would require individuals seeking to attain CFP® certification to demonstrate their ability to integrate and apply the financial planning topic areas to a scenario based on the types of situations a practicing financial planner might be expected to address with clients,” said Marilyn Capelli Dimitroff, CFP®, Chair of CFP Board’s Board of Directors. “The proposal is intended to enhance the knowledge, skills and abilities of the individuals and assess their ability to deliver professional and competent financial planning services to the public.”

As proposed, the new requirement would require financial planning education programs registered with CFP Board to offer a financial plan development course no later than January 2012.

The entire proposal can be found at Any individual or group wishing to comment on the proposed Financial Plan Development Course requirement should submit written comments no later than October 2, 2009. Comments received during the 60-day comment period will be reviewed by CFP Board’s Council on Education and posted to CFP Board’s Web site. CFP Board is especially interested in comments focused on implementation, assessment and/or course outcomes related to the proposed Financial Plan Development Course requirement.

Comments may be sent to CFP Board by e-mail to or by mail to:

CFP Board c/o Managing Director, Education 1425 K Street NW, Suite 500 Washington, DC 20005

About CFP Board: The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board’s mission, acts on behalf of the public, CFP® certificants and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. CFP Board currently authorizes more than 60,000 individuals to use these marks in the United States. For more about CFP Board, visit

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Chris Wloszczyna, Director of Public Relations
CFP Board
P: 202-379-2252

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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 themselves 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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