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CFP BOARD REPORT

December 20, 2019

 

 
CFP Board Office Holiday Closures

CFP Board’s office will be closed for the holidays on Monday, December 23, 2019, and will re-open on Thursday, December 26. The office will also be closed on New Year’s Day, January 1, 2020.

We wish you and your loved ones a very happy holiday season!
 

Financial Planning Profession Marks 50th Anniversary

The financial planning profession turned 50 years old this month. On December 12, 1969, a cold day in Chicago, the movement toward a financial planning profession was sparked by a meeting of 13 individuals who came together to discuss a better way of providing financial advice. These pioneers saw the need for a profession that integrated knowledge and practices across the many fragmented areas of financial services – what we know today as financial planning.

Fifty years ago, these pioneers took the first step to build a holistic profession that benefits the public by meeting Americans’ varied financial needs. To do so, they created the International Association for Financial Planning and the College for Financial Planning and initiated the CFP® certification, now administered in the U.S. by CFP Board.

50 Years of Financial PlanningCFP Board continues to focus and build on that vision. And financial planning has become a global profession, with more than 180,000 CFP professionals worldwide.

In recognition of Financial Planning’s 50th anniversary, CFP Board has produced two videos, one honoring the profession’s past and one embracing its future.

Read the full news release >
 

Three New CFP® Professionals Elected to CFP Board’s Board of Directors

CFP Board has elected three new members – Matthew B. Boersen, CFP®, CFA®, Elizabeth K. Miller, CFP®, CFA®, and Daniel B. Moisand, CFP® – whose four-year terms start January 1, 2020. The search for a public member, one with a deep regulatory or enforcement background, continues. Read more >
 

CFP Board Releases Independent Task Force Report & Preliminary Response

On December 17, CFP Board released the complete findings and recommendations from the Independent Task Force it created in July to examine and modernize CFP Board’s enforcement practices. CFP Board has also issued a preliminary response from the Board of Directors.

“We thank the Independent Task Force for their diligence in conducting their examination, especially under such tight time constraints. This process was an essential step that will help the Board strengthen CFP Board’s enforcement program, which will benefit all Americans and reinforce the confidence and security that comes from working with a CFP® professional,” said Susan John, CFP®, Chair of CFP Board’s Board of Directors.

"Our discussions with members of the Board of Directors and CFP Board staff have revealed a strong commitment to protecting the public,” said Denise Voigt Crawford, Chair of the Task Force. “Financial planning is of increasing importance in the lives of all Americans, and the CFP Board for decades has played a positive role in helping people realize their personal goals and achieve financial security. We greatly appreciate the opportunity to help the CFP Board."

Recording of Dec. 18 CFP® Certificant Connection Webinar

On December 18, 2019, CFP Board's leadership held a special CFP® Certificant Connection Webinar to share updates on the independent Task Force on Enforcement. During the webinar, Susan John, CFP®, 2019 Chair of CFP Board’s Board of Directors, and Kevin Keller, CFP Board's CEO, shared the latest updates and answer questions from the audience.

View the recorded webinar >

CFP® Examination Update

The most recent administration of the CFP® Certification Examination took place during a testing window of November 5-12, 2019. The pass rate for the November 2019 administration of the exam was 62%, with 1,866 individuals receiving a passing score. View historical exam statistics at www.CFP.net/exam-statistics.

The first exam administration of 2020 will take place March 10-17, 2019, and early registration is available through January 7, 2020. Please encourage your qualified colleagues to continue their pursuit of CFP® certification, and remind them to register for the CFP® exam early for the best date and site availability. Learn more and register at www.CFP.net/exam.

Resources for Colleagues on the Path to CFP® Certification

Growth in the number of CFP® professionals strengthens the profession and the certification. Share these resources to help a colleague along the path to CFP® certification.CFP Exam Candidate Preparation Toolkit

  • Share our Why CFP® Certification guide that outlines the reasons pursuing CFP® certification is a great career move.
  • Share the CFP® Exam Candidate Preparation Toolkit, which helps candidates develop study strategies, manage time and build support from employers and peers as they prepare for the CFP® Exam.
  • Share this video of CFP® professionals discussing the different pathways they took to gain the professional experience required for CFP® certification.
  • Refer your colleagues to CFP Board so we can introduce them to CFP® certification on your behalf.

CFP Board Welcomes New Members to Ambassador Program

CFP Board is pleased to announce the addition of six CFP® professionals to its Ambassador program – Brittney Castro, CFP®, CRPC®, AAMS®; David D. Holland, CFP®, CPA, PFS, ChFC®; Laura J. LaTourette, CFP®; Erin Voisin, CFP®, MS, EA, CDFA®, ChFC®; Charles C. Weeks Jr., CFP®; and Mark Wernig, CFP®. The CFP Board Ambassador program is a network of CFP® professionals across the country working in unison to increase awareness of the CFP® certification. CFP Board Ambassadors are responsible for promoting CFP Board’s mission and sharing their passion for the profession. Learn more >
 


  CFP Board Center for Financial Planning  
 
  Updates from the Center for Financial Planning:
  • New Issue of Financial Planning Review Now Available: We are pleased to announce that Volume 2, Issues 3-4 of Financial Planning Review is now available online. Financial Planning Review, the Center’s academic journal, is available to nearly 86,000 CFP® professionals and to scholars worldwide via the Wiley Online Library. Read more >
     
  • The Financial Planning Network Launches on SSRN: This online resource, sponsored and built by the Center for Financial Planning, hosts and provides free access to pre-published papers from researchers and authors from around the world. The site holds proceedings from the Academic Research Colloquium and other conferences related to financial planning, as well as a series of eJournals, including Practitioner Articles & Resources, which allow practitioners to share papers that are not necessarily research but valuable to practice. Visit the Financial Planning Network on SSRN >
     
  • Center Announces Accepted Papers, Posters to be presented at 2020 Academic Research Colloquium: The lists of accepted research papers and posters were recently announced for the fourth annual Colloquium, to be held February 20-22, 2002 in Arlington, VA, which is convening leading scholars and researchers to showcase the latest research within financial planning and related disciplines. The 2020 Colloquium will once again feature several sessions designed specifically for practicing CFP® professionals, eligible for CE credit. These sessions will explore the implications of research on financial planning practice, and will be led by an illustrious team of Scholar-Practitioners who have extensive financial planning practice experience and can apply that to relevant, impactful research. CE credits for these select sessions will be administered by the Financial Planning Association. Click here to register and reserve a discounted hotel room.
     
  • Recorded Webinar – Overview of Client Psychology Program Offerings in 2020: During this webinar on Dec. 16, Dr. Charles Chaffin, Director of Academic Initiatives at the CFP Board Center for Financial Planning, and Dr. Chris Geczy, Professor of Finance at the Wharton School of the University of Pennsylvania, discussed the 2020 offerings of Client Psychology. This program, co-offered by the Center and Wharton Executive Education, is focused on financial planning advisors and the ways they can be more client-centered, specifically exploring the biases, behaviors, and perceptions that impact client decision-making and financial well-being. View the recorded webinar >
     
  • Firms Now Accepting Re-entry Interns: In partnership with career re-entry firm iRelaunch, the Center’s Financial Planner Re-Entry Initiative (FPRI) connects firms in the financial planning sector with experienced professionals seeking to reenter the workforce after a career break. We are currently seeking candidates for the following open positions:
     
    Additional positions will be posted on the FPRI webpage as they become available.
     
  • Access and Share the Center’s Resources: Access a variety of Center research reports and resources focused on advancing workforce development and diversity in the profession.
     
  • Include the Center in Your Year-end Giving: We encourage you to consider making a contribution to the Center for Financial Planning. Your donation to the Center supports important work to create a more diverse and sustainable financial planner workforce and build a research-based, recognized body of knowledge for the financial planning profession. Support the Center >
     
 
   
 
 

 
Upcoming Events

Opportunities:

  • Volunteer Opportunities with CFP Board: The work of CFP Board benefits greatly from the contributions of CFP® professionals and other stakeholders, and there are many opportunities for CFP® professionals and others to become involved with CFP Board in meaningful and rewarding ways. There are opportunities to contribute to the development of the CFP® Exam through exam item writing workshops, to support enforcement of the ethics and practice standards for CFP® professionals through service as a hearing panel volunteer with the Disciplinary and Ethics Commission, and to promote gender diversity as a Women’s Initiative (WIN) Advocate. Learn more about these and other opportunities and submit a volunteer application at www.CFP.net/volunteers.
     
  • Become a Mentor to Individuals Pursuing CFP® Certification: The CFP Board Mentor Program is designed to connect individuals pursuing CFP® certification with current CFP® professionals for guidance and support as they navigate their path to certification. CFP® professionals serving as mentors share guidance and practical advice based on their experience taking the CFP® exam and pursuing careers in the financial planning profession. Learn More and Enroll in the Mentor Program >
     
  • Report Your Pro Bono Hours: Thousands of CFP® professionals across the country are providing free, no-strings attached, one-on-one financial advice to underserved people. Are you one of them? Please let us know if you provide pro bono services so that we can educate the public and policymakers about the great things our profession does to help people in need. Report your pro bono hours today through an online tool available within the “My CFP® Certification” section of CFP® professionals’ online accounts.
     

Find the Perfect Gift for CFP® Professionals

CFP Board offers a range of products – including mugs, notebooks, pins, bags, apparel, and more – branded with the CFP® mark for you to display your certification with pride. Take a look at our NEW online store!

Through January 7, 2020, use code 2019CFPWINTER20 for 10% off your purchase!
 

 

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