CFP Board’s Policy Center allows you to stay up to date on CFP Board’s involvement in legislative and regulatory issues affecting the financial planning profession.
Regulation of Financial Planners
CFP Board supports legislative reform that would require financial service providers who hold themselves out to consumers as "financial planners" to meet competency standards and to provide financial planning services pursuant to a fiduciary standard of care.
CFP Board supports Securities Exchange Commission (SEC) adoption of a rulemaking to extend the fiduciary standard of care to broker-dealers who provide personalized investment advice to retail clients.
Investment Adviser Oversight
CFP Board supports Congressional authorization of the SEC to collect reasonable user fees from investment advisers to increase the frequency of adviser examinations.