< Read more CFP Board Report Updates
CFP Board

July 10, 2014

In This Issue:

Special Webinar Event with CFP Board's Leadership, July 17 at Noon (ET) 

Join us on Thursday, July 17 at Noon (Eastern) for a special live webinar event with CFP Board's leadership, who will interact with the live audience and share the latest information on CFP Board’s work to uphold the CFP® certification, including:

  • A report from the July meeting of CFP Board's Board of Directors
  • Findings from the latest research measuring the progress of our Public Awareness Campaign to increase awareness of CFP® professionals
  • Answers to your questions about CFP Board’s strategic direction and initiatives.

Thursday, July 17, 2014
12:00 - 1:00 p.m. (Eastern)
Free Event (No CE granted)


FPSB Seeks Candidates for Its 2015 Board 

Financial Planning Standards Board Ltd. (FPSB) is calling for nominations for one open position on the 2015 FPSB Board of Directors (for a four-year term, beginning 1 April 2015). As the owner of the CFP certification program outside the US, FPSB has member organizations in 25 territories (including CFP Board in the US) which represent the perspectives of more than 153,000 CFP professionals worldwide and the interests of millions of consumers seeking competent, ethical financial planners. If you are interested in this position, nominations can be made directly to the FPSB. Read more >

Support CFP Board’s Women’s Initiative

CFP Board is asking all to join in the work of attracting more women to the financial planning profession and making the profession and CFP® certification more attractive to women.

CFP Board has seen impressive growth in the number of CFP® professionals in recent years. However, the percentage of women has remained flat at 23 percent. We believe that as more consumers recognize the need for and value of competent and ethical financial planning, we must build a profession that reflects the diversity of the public that we serve.

Share your support, or volunteer your time and passion to CFP Board’s various WIN initiatives such as being a WIN Advocate, serving on the CFP Board WIN Council, or take part in the “Faces of Women CFP® Professionals” campaign, by completing a brief form on CFP Board’s website at www.CFP.net/WIN-Supporter.


Get Involved

Get InvolvedWant to get involved with CFP Board's Women's Initiative? Let us know.

Contact Us

WIN Discussion Forum

ForumPost your comments and discuss topics related to CFP Board's Women's Initiative.

Discussion Forum

Attend FPA Annual Conference – BE Seattle 2014, September 20-22, 2014

Attend the largest gathering of CFP® professionals at the Financial Planning Association’s (FPA) Annual Conference – BE Seattle 2014, September 20-22, 2014. This year’s Annual Conference is focused around exceptional business education and practice management opportunities to support your practice.

  • Enhance Your Business: Get one-on-one advice or attend business coaching workshops to gain practical knowledge and success strategies in social media, marketing, technology, business planning and human resources.
  • Business Success Track: Learn how to make your business a stand-out success with findings from the FPA Research and Practice Institute™ (RPI™) time management and client communications studies.
  • Advanced Planner Track: Powered by the Journal of Financial Planning is geared towards experienced planners seeking high-level, specialized information.
  • Keynote Speakers: Connect with social media expert Jennifer Grazel from LinkedIn; productivity specialist and author David Allen; Google marketing specialist Daniel Sieberg; and bestselling author Kerry Johnson, Ph.D.
  • Keynote Speaker Host: Jill Schlesinger, CFP®, CBS news Business Analyst, will interview keynote speakers onstage with audience question moderation and wrap-up.

Don’t miss this opportunity to join industry thought-leaders for one-of-a-kind networking opportunities, learn more about industry trends and earn CE. While CE acceptance is pending, we anticipate you can obtain a minimum of 15.5 credits through attendance at the conference. Your registration will also include access to recorded sessions (and any corresponding CE) at no additional charge. Register before August 8, to save $400!

“Let’s Talk Planning” Blog: Common Financial Planning Mistakes

In a recent “Let’s Talk Planning” blog post, CFP Board Consumer Advocate Eleanor Blayney, CFP® shares insights for people feeling “squished” between adult children grounded by the tough economy and aging parents needing care and support. “A CFP® professional would be the first to answer that, in situations like this, there are no financial strategies that allow us to have our cake, and let others eat it, too,” writes Blayney. “There are trade-offs to be made, and everyone in the family needs to come together to find workable solutions. At the same time, there are smart approaches to this modern-day dilemma – ways to manage the additional obligations without completely forfeiting the prospect of retirement or other financial goals.”

Visit the blog for timely topics you can share or discuss with your clients and potential clients.
Subscribe to the blog to receive notifications when new posts are added.

CFP® Professionals: Apply for CFP Board’s Ambassador Program by August 18

Established in 2011, the CFP Board Ambassador program is powered by the contributions of a group of CFP® professionals acting on behalf of CFP Board in their local communities and with national news media. CFP Board Ambassadors are responsible for promoting CFP Board’s mission and increasing awareness of CFP® certification at a local level, in their own communities and regions. CFP Board Ambassadors may act as liaisons with their local media, participate in leadership initiatives and community-building events on behalf of CFP Board, or meet with local policymakers to promote CFP Board’s public policy positions.

The success of the CFP Board Ambassador program has been substantial, with Ambassadors highlighting CFP® certification in national publications such as USA Today, The Wall Street Journal and The Washington Post, as well as in their local communities. We have seen tangible benefits not only for the CFP® professionals involved as CFP Board Ambassadors, but for the CFP® professional community at large.

Given the success of the program, we are seeking to broaden our local reach as well as expand areas of financial planning expertise represented by program participants. A limited number of additional CFP® professionals will be accepted into the program, and special training and resources will be made available to all participants.

CFP Board will be accepting applications to the CFP Board Ambassador program through August 18. To learn more and to apply, visit www.CFP.net/ambassador.

If you have a true passion for the profession and want to contribute in a meaningful way to increasing public awareness of the importance of working with CFP® professionals, we encourage you to consider applying.

CFP Board Disciplinary Actions

CFP Board recently announced public disciplinary actions against 14 individuals. Public disciplinary actions taken by CFP Board, in order of decreasing severity, include permanent revocation of an individual's right to use the CFP® certification marks, suspension of the right to use the CFP® certification marks for up to five years, and letters of admonition. The basis for each decision can be found in a Disciplinary Action Report on CFP Board’s website, and the public may check on an individual’s disciplinary history and certification status with CFP Board at www.CFP.net/verify.

Jacob K. Cooper San Diego Interim Suspension
Susan C. Cromwell Valencia Suspension
California Shawn R. Gutierrez Yuba City Revocation
William G. Whitcomb Fort Myers Suspension
Illinois William F. Kovacic Palos Heights Interim Suspension
William F. Kovacic
Palos Heights
Indiana Dawn L. Muldrow Indianapolis Revocation
Iowa Donald G. DeWaay, Jr. Clive Revocation
Kansas Shawn M. Wyatt, CFP®
Hutchinson Letter of Admonition
Minnesota Barbara J. Stark Eden Prairie Revocation
Ohio Carolyn C. Kaufman Hudson Interim Suspension
Ohio Howard A. Slater Solon Suspension
Texas Brian W. Sak, CFP® Magnolia Letter of Admonition
Texas George M. Warner, CFP®
Rockwall Letter of Admonition
Wisconsin Christina V. Winch, CFP®
Appleton Letter of Admonition

Read the full news release announcing these disciplinary actions >

CFP Board Discloses Bankruptcies by CFP® Professionals

CFP Board recently disclosed the names of 8 CFP® professionals who have declared bankruptcy within the last five years and, under rules that took effect July 1, 2012, are not subject to disciplinary procedures but will have their bankruptcy disclosed.

The latest disclosure of bankruptcy filings by CFP® professionals covers the first quarter of 2014 and is made pursuant to CFP Board’s rules regarding single-bankruptcy cases. CFP Board does not investigate, and the Disciplinary and Ethics Commission does not adjudicate, bankruptcy-only cases.

Rather, CFP Board verifies the bankruptcy and notes the bankruptcy filing on the CFP® professional’s public profile, which is available through the search functions on CFP Board’s website. CFP Board will also share with consumers and other stakeholders who contact CFP Board regarding a CFP® professional’s certification status the information in the CFP® professional’s public profile, including identifying whether the CFP® professional has filed bankruptcy. All disclosures regarding a bankruptcy filed by a CFP® professional will remain on CFP Board’s website for 10 years from the earlier of the date the CFP® professional disclosed the bankruptcy to CFP Board or the date CFP Board became aware of the bankruptcy.

Read the full news release disclosing bankruptcy filings by CFP® professionals >

Upcoming Events

Career Opportunity at CFP Board: Director of Corporate Relations

The Director of Corporate Relations engages with senior leaders at financial services firms, to understand perspectives and share insights on financial planning and CFP® certification. These relationships help shape the financial planning profession.

Candidates should possess CFP® certification; 10 or more years of experience in financial services; and the ability to create and grow meaningful and productive relationships with important constituencies.

The full job posting is available at: http://www.vettedsolutions.com/searches.html#search95

If you or someone you know has experience and interests aligned with this opportunity, please contact CFP Board’s recruitment partner, Jim Zaniello at Vetted Solutions at jim.zaniello@vettedsolutions.com.

Publications from CFP Board

CFP Board Publications


CFP Board's Financial Planning Competency Handbook represents the work of 22 contributors and reviewers who shared their scholarship and practice experience for the book. It is intended as a resource for practice, as well as faculty and students. 

CFP Board has also developed publications that you can distribute to help consumers learn more about the basics of financial planning and the benefits of choosing a CERTIFIED FINANCIAL PLANNER™ practitioner, including Financial Self-Defense for Seniors and the Consumer Guide to Financial Planning.

Learn more and order copies today >


P 800 -487-1497 • F 202-379-2299 • CFP.NET
1425 K STREET, NW #800 • WASHINGTON, DC 20005
Retirement. Budgeting. Taxes. Investments. Estate planning. Insurance. Let's make a plan

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements.