CFP Board Releases Latest Draft of New Standards

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CFP Board Releases Latest Draft of New Standards

Dec 20, 2017
Advisors and others can comment on the latest proposal from Jan. 2 - Feb. 2

The Certified Financial Planner Board of Standards today released a revised version of its proposed Code of Ethics and Standards of Conduct. Like the earlier version released in June, the proposal sets a fiduciary standard that requires CFP[®] professionals to act in the best interest of clients when providing financial advice, not just financial planning as the board's current standards require. (Planning is a category within financial advice.)

The latest proposal also expands the current standard concerning conflicts of interest to include “full disclosure of all material conflicts” and it contains specific descriptions of different types of advisor compensation. Read more >

By Bernice Napach
December 20, 2017

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.
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