NAPFA Requiring CFP® [Certification] For Membership

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NAPFA Requiring CFP® [Certification] For Membership

Dec 04, 2012

The National Association of Personal Financial Advisors starting January 1 will require the CFP® [certification] for those accepted as its registered financial advisors.

The NAPFA National Board recognized the need to support the financial planning profession by selecting a singular professional designation in the same way the public trusts that those holding a CPA, MD, or JD are meeting education, training and ethics requirements, the association said.

"NAPFA's decision to support the broader recognition of a single, defining designation for the financial planning community just makes sense. Less confusion means more consumer confidence, and the CFP® [certification] hits the mark as a strong, baseline standard," NAPFA Chair Lauren Locker, CFP® said in a statement.

Kevin Keller, CEO of the CFP Board, said, the Certified Financial Planner Board of Standards applauds the NAPFA's decision to make CFP® certification a requirement of membership starting next year. "NAPFA has been a strong strategic partner with CFP Board in advocating policies in support of competent and ethical financial planning," Keller said. Read more >

Financial Advisor
Jim McConville
December 4, 2012

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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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