< Read more CFP Board Report Updates
CFP Board

June 6, 2014

In This Issue:

CFP Board Seeks Qualified Candidates for 2015 Board of Directors

CFP Board is currently accepting applications for individuals interested in serving on the Board of Directors beginning in January 2015. Board Directors have a significant opportunity and responsibility to participate in guiding the policy direction of the organization. Interested individuals should submit a completed Board Director Volunteer Application Form by the June 20, 2014 application deadline. Learn more >

CFP® Examination Update: July Exam Registration Deadline is June 10

The next administration of the CFP® exam will be held July 18-19, 2014. The June 10 registration deadline is approaching quickly – please remind your colleagues ready for the exam to register at www.CFP.net/exam.

Do you have colleagues who are interested in pursuing CFP® certification but not yet ready to take the exam?  Encourage them indicate their interest by creating a CFP Board account at www.CFP.net/account. CFP Board will provide them with information and encouragement to assist them on their path to becoming certified.

Practice Exams Available from CFP Board Beginning June 9

On June 9, 2014, CFP Board will release two 50-question practice exams as another tool to help candidates prepare for the CFP® exam. Comprised of authentic CFP® exam questions, the practice exams will be accessible online, with results and feedback available immediately. Access to the practice exams can be purchased individually or as a bundled package at a reduced price. Learn more >

Schedule Announced for 2014 CFP Board Registered Program Conference, August 7-8

The schedule of events for the 2014 CFP Board Registered Program Conference has been announced. The annual meeting, which will take place August 7-8, 2014 in Washington, DC, brings together faculty and program directors from institutions around the country that provide professional financial planning education and assist individuals in pursuing CFP® certification.

This year’s theme – Awareness; Education; Induction – includes a focus on facilitating certificate and degree-seeking students’ journeys toward CFP® certification. New to this year’s conference is a session focused on ways CFP Board and our Registered Programs can partner with firms to support the next generations of CFP® professionals, as well as a special “Firms’ Night” event that will provide registered programs the opportunity to meet with representatives of national and regional firms to discuss opportunities for partnerships that provide support to Registered Programs and new hires to employers

Learn more and register to attend the conference >

Women’s Initiative: View Videos from the White Paper Release Event

CFP Board’s new Women’s Initiative (“WIN”) white paper exploring why there are so few women in the financial planning profession was released during a special event in New York City on April 22, 2014.  Videos from the event are now available for on-demand viewing.  Click the session titles below to view each video.

Welcome & Introductory Remarks
Kevin Keller, CFP Board’s CEO
Ray Ferrara, CFP®, Chair, CFP Board’s Board of Directors
Tom Nally, President, TD Ameritrade Institutional

About the Women’s Initiative (“WIN”)
Nancy Kistner, CFP®, Chair of the WIN Advisory Panel and Chair Emerita, CFP Board’s Board of Directors

Presentation of WIN Research
Peter Fondulas, President of Fondulas Strategic Research

WIN White Paper Findings
Marilyn Mohrman-Gillis, CFP Board’s Managing Director of Public Policy and Communications
Eleanor Blayney, CFP®, CFP Board Consumer Advocate and WIN Advisory Panel member

Keynote & Closing Remarks
Elda Macias, Vice President, Retirement and Segment Marketing, Ameriprise
Kathleen McQuiggan, Senior Vice President, Pax World Management
Kevin Keller, CFP Board’s CEO

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. The white paper includes:

  • The results of a comprehensive qualitative and quantitative research study on the “feminine famine” in the financial planning profession, and
  • Recommendations that everyone with an interest in the future of the profession – regardless of gender – can follow to help bring more women into the financial planning profession and CFP® professional community.

Visit CFP Board’s website at www.CFP.net/WIN to download the white paper, get the latest updates on the initiative, share your thoughts on this important topic and learn more about contributing to this initiative.


Get Involved

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


WIN Discussion Forum

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


Recorded Webinar: How to Determine If You’re in a Financial Planning Engagement

The latest webinar presented by CFP Board’s Professional Standards team addresses one of the most frequent questions CFP® professionals submit to CFP Board’s Professional Standards staff: “Am I providing financial planning?”  The question is an important one, given CFP® professionals’ obligation under CFP Board’s Standards of Professional Conduct to adhere to a fiduciary standard when providing financial planning. 

Held on May 14, 2014, the webinar was hosted by Matthew Winterhalter, Esq., CFP Board’s Compliance Counsel, and featured panelists Jeffrey T. Weeks, CFP®, Vice President, The Weekes-Cardwell-Ford Group at Morgan Stanley, and Adam Zajac, Esq., CFP Board’s Adjudicatory Counsel, who used real-life scenarios to illustrate how a CFP® professional can determine if a client relationship constitutes financial planning, and addressed questions from the audience.  

View the recording >

Review additional compliance resources from CFP Board >

CFP Board’s Continued Efforts to Promote Accurate Compensation Disclosures to the Public

On May 21, 2014, CFP Board sent CFP® professionals an important update concerning the ongoing work to facilitate compliance with our compensation disclosure rules and definitions and promote the availability of accurate information to the public. The update announced two additional steps CFP Board is taking:

  • Review of Compensation Information on “Find a CFP® Professional” Tool. CFP Board will initiate a systematic review of the information CFP® professionals communicate to the public through our “Find” tool to better ensure the accuracy of the communication. Using risk-based prioritization and random sampling, CFP Board will compare compensation information entered on our “Find” search tool with compensation information available through public sources such as regulatory filings and firm websites.
  • Firm Exclusion List. CFP Board is offering those firms, whose business model or structure would preclude such CFP® professionals from identifying themselves as “fee only” under our Standards, the opportunity to instruct CFP Board to “block” the CFP® professionals from stating that they are “fee only” on our “Find” tool.

Read the full announcement >

CFP Board Appoints Joseph Maugeri, CFP® as Managing Director of Marketing and Corporate Relations

CFP Board recently announced the promotion of Joseph V. Maugeri, CFP® to the position of Managing Director of Marketing and Corporate Relations, a newly expanded role that will seek to increase the number of CFP® professionals while continuing to strengthen and enhance the organization’s connections within the financial services industry.

Maugeri joined CFP Board in 2011 as Director of Firm Relations and has been focused on business development and firm relations functions. In this new role, his responsibilities will also include growth of CFP® professionals among all channels, marketing initiatives, product development and membership on the Executive Leadership Team. This position is vitally important to increasing the demand for CFP® professionals and CFP® professional education and experience among all financial service firms.

“In promoting Joe to this new role, CFP Board will be putting a greater focus on increasing the number of CFP® professionals across all channels,” said CFP Board Chief Executive Officer Kevin R. Keller, CAE. “The Board of Directors set out an aggressive five-year goal of having more CFP® professionals to meet the expected demand as more and more Americans look for competent and ethical financial planning advice. As a CFP® professional, Joe can also speak to the value and power of the certification as a way to help clients, individual advisors, and firms.”

In making this announcement, Keller also stated that the Public Awareness Campaign will now be overseen by the Managing Director of Public Policy and Communications. This will provide more opportunities for better integration of communications approaches to ensure maximum awareness of the CFP® certification among the American public.

“Joe Maugeri, with his wealth of diverse experience across business models, is particularly well suited to lead our growth initiatives,” said Ray Ferrara, CFP®, Chair of the Board of Directors of CFP Board. “The Board of Directors commends CEO Kevin Keller for continuing to build a strong leadership team that is closely aligned with the Board’s AGRA (Awareness, Growth, Regulation and Recognition, Authority) strategic plan.”

Prior to his appointment at CFP Board, Maugeri was a Vice President and head of the Professional Alliance program at Merrill Lynch; a Director at SEI Investments, Inc., leading its marketing and distribution support services; and worked for more than 14 years as a financial advisor at AXA Advisors, LLC. He received his Bachelor of Arts from Temple University, an M.S. in Leadership Studies from Northeastern University and has completed a Competitive Marketing Strategy Executive Education program at the Wharton School of Business.

“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® outlines the 9 most common financial planning mistakes she has come across, including the mistake of working with a financial advisor without verifying his or her credentials, background, training and experience.  “Not all advisors are alike, particularly when it comes to the standards by which they practice,” writes Blayney. “By choosing a CFP® professional, you have the assurance that the advisor is required to offer financial planning advice that puts the interest of the client first.”

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 Board in the News

In recent weeks, CFP Board’s Women’s Initiative white paper continued to receive great coverage from the financial services press and beyond, and CNBC story featured the growth of financial planning programs at universities across the country. Read these and other notable articles >

Upcoming Events

Display the CFP® Marks with Pride!

CFP Board’s online store offers a range of products emblazoned with the CFP® mark featured in CFP Board’s public awareness campaign, including magnet-backed lapel pins and an embroidered golf shirt available in four colorful options.

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.