Financial Planning Group Backs Fiduciary Standard

News & Events


CFP Board in the News

Financial Planning Group Backs Fiduciary Standard

Apr 30, 2011

The Financial Planning Coalition has called on Congress to support the Securities and Exchange Commission in establishing a fiduciary standard of care for broker-dealers.

The coalition is also urging Congress—particularly the Republican majority in the House, which is threatening to cut funding for the SEC—to provide full funding for the SEC to protect investors from financial scams like Bernard Madoff’s Ponzi scheme. The Financial Planning Coalition is a lobbying group that includes the Certified Financial Planner Board of Standards, the Financial Planning Association, and the National Association of Personal Financial Advisors, representing nearly 75,000 financial planners.

“Congress needs to support the work of the SEC as it carries out the will of Congress in the Dodd-Frank legislation,” said Marilyn Mohrman-Gillis, managing director for public policy and communications at the CFP Board of Standards. “This includes moving forward with key consumer protection initiatives and providing the full funding authority the SEC has requested, which does not come from taxpayers but those whom the Commission regulates.” Read more >

Accounting Today
March 30, 2011

Speaker's Bureau
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.
Let's Make A Plan
Don't address your finances individually. Pull your finances together with the help of a CFP® professional.