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Index
Index of Frequently Asked Questions about the Code of Ethics and Standards of Conduct
Find helpful Frequently Asked Questions (FAQs) on CFP Board’s Code and Standards. Explore the categories below, or download a comprehensive PDF of all the FAQs.
FAQ Categories
Duties Owed to Clients
Financial Planning and Application of Practice Standards
Practice Standards
Duties Owed to CFP Board
Miscellaneous
Duties Owed to Clients
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This section provides answers to FAQs about the following topics:
- Fiduciary Duty
- Disclose and Manage Conflicts of Interest
- Provide Information to Client
- Duties When Representing Compensation Method
- Duties When Recommending, Engaging, and Working with Additional Persons
Financial Planning and Application of the Practice Standards for the Financial Planning Process
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This section provides answers to FAQs about the following topics:
- Financial Planning Definition
- Application of Practice Standards
- Integration Factors
- No Client Agreement to Engage for Financial Planning
Read FAQs about Financial Planning and Applying the Practice Standards
Practice Standards for the Financial Planning Process
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This section provides answers to FAQs about changes to the Practice Standards, performing all steps in the Financial Planning process, and documenting compliance with the Practice Standards.
Duties Owed to Clients
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This section provides answers to FAQs about the following topics:
- Refrain from Adverse Conduct
- Reporting
Miscellaneous Questions
Toggle Open
This section includes miscellaneous questions about changes to the new Code and Standards, including compliance with other regulations, holding out, and firm obligations.
FAQ Categories
Duties Owed to Clients
Duties Owed to Clients
Toggle Open
This section provides answers to FAQs about the following topics:
- Fiduciary Duty
- Disclose and Manage Conflicts of Interest
- Provide Information to Client
- Duties When Representing Compensation Method
- Duties When Recommending, Engaging, and Working with Additional Persons
Financial Planning and Application of the Practice Standards for the Financial Planning Process
Toggle Open
This section provides answers to FAQs about the following topics:
- Financial Planning Definition
- Application of Practice Standards
- Integration Factors
- No Client Agreement to Engage for Financial Planning
Read FAQs about Financial Planning and Applying the Practice Standards
Practice Standards for the Financial Planning Process
Toggle Open
This section provides answers to FAQs about changes to the Practice Standards, performing all steps in the Financial Planning process, and documenting compliance with the Practice Standards.
Duties Owed to Clients
Toggle Open
This section provides answers to FAQs about the following topics:
- Refrain from Adverse Conduct
- Reporting
Miscellaneous Questions
Toggle Open
This section includes miscellaneous questions about changes to the new Code and Standards, including compliance with other regulations, holding out, and firm obligations.
Read More FAQs
These FAQs are part of a full library of resources that CFP® professionals can use to comply with the Code and Standards. More guidance materials can be found in our Compliance Resources Library.