Index of Videos on New Code and Standards
CFP Board's Code of Ethics and Standards of Conduct (“Code and Standards”) expands the application of the fiduciary standard that requires CFP® professionals to act in the best interest of the client. The Code and Standards took effect October 1, 2019, and the enforcement date is June 30, 2020. Learn how the changes affect you.
Summary of the New Code and Standards: Get a summary of a CFP® professional's duties under the new Code and Standards.
The Levels of Rules and Requirements: Get an overview of the levels of rules and requirements for CFP® professionals under the new Code and Standards.
The Fiduciary Obligation: Learn about the expanded fiduciary obligation at the core of the new Code and Standards, which requires CFP® professionals to act in the best interest of the client.
Financial Advice: See how financial advice is defined under the new Code and Standards.
Understanding the Term "Fee Based": Gain a deeper understanding of the term "Fee Based" and its use in the new Code and Standards.
The 7 Step Financial Process: Learn how the new Code and Standards provides detailed requirements for the financial planning process, and increases the number of steps from 6 to 7.
Duty of Loyalty: Explore the importance of Duty of Loyalty under the new Code and Standards.
What Is Financial Planning?: Review the definition of financial planning and get up-to-speed on the 3 circumstances where a CFP® professional is required to provide financial planning advice.
Integration Factors: Find out the 5 factors to consider when a CFP® professional who is providing financial advice must also provide financial planning.
No Client Agreement to Engage for Financial Planning: Explore 4 options for what CFP® professionals can do when they are required to provide financial planning, but the client does not want to engage the CFP® professional in financial planning services.
The First 3 Steps of the Financial Planning Process: Learn about steps 1, 2 and 3 (out of 7) in the financial planning process: understanding the client's personal and financial circumstances, identifying and selecting goals, and analyzing the client's current course of action.
Steps 4 and 5 of the Financial Planning Process: Learn about steps 4 and 5 (out of 7) in the financial planning process: selecting a recommendation(s) designed to maximize the client's potential to reach their goals, and presenting that recommendation(s) to the client.
Steps 6 and 7 of The Financial Planning Process: Learn about Steps 6 and 7 in the financial planning process: implementing the financial planning recommendation, and monitoring progress and updating.
How CFP® Professionals Apply the Code and Standards in a Team Setting: Find out about the duties CFP® professionals have when engaging, recommending, or working with other financial or services professionals.