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CFP Board

September 21, 2017

In This Issue:

Senior CFP Board Ambassador Jill Schlesinger, CFP® Shares Consumer Tips for Hurricane Recovery

The financial aftermath of hurricanes Harvey and Irma will unfold for months, and many people will need to turn into their own advocates to recover the full extent of their losses, said Senior CFP Board Ambassador Jill Schlesinger, CFP® in a recent contribution to CFP Board’s consumer website, LetsMakeAPlan.org.

“Keep working the process – it can take patience and persistence, but ultimately, you have to be your own advocate,” Schlesinger advised people affected by the hurricanes. “Unfortunately, natural disasters have a way of pointing out some of the more mundane aspects of our financial lives, like the details of property and casualty insurance coverage.”

Those facing flood damage could face the toughest challenges. Many homeowners’ policies do not cover damage that results from rising water. Fewer than 20 percent of the homeowners in the eight counties most directly affected by Harvey had special flood insurance offered by the National Flood Insurance program, according to a Washington Post analysis. In scenarios where homeowners are covered from water and structural damage, it can take months to complete and settle claims.

Schlesinger offered ideas to help people affected by these and other natural disasters successfully file claims with their insurance companies, and noted that the time to examine the details of your insurance policies is before a disaster.

World Financial Planning DayWorld Financial Planning Day Is October 4

CFP Board is pleased to join Financial Planning Standards Board (FPSB) and the global financial planning community of member organizations to recognize World Financial Planning Day (#WFPD17) on Wednesday, October 4, during IOSCO’s World Investor Week (#WIW2017).

IOSCO’s World Investor Week is a global campaign from October 2-8 designed to raise awareness about the importance of investor education and protection, and to highlight the investor education and protection initiatives of securities regulators around the world. As part of its global campaign, IOSCO has invited securities regulators from six continents, alone or in partnership with local and international nonprofit groups, to provide programs and events to promote the importance and value of investor education and protection.

FPSB has launched World Financial Planning Day as part of its commitment to support consumers in achieving their financial and life goals and to increase consumers’ level of financial literacy and capability.

On World Financial Planning Day, FPSB and its network of member organizations representing a global community of over 170,000 CERTIFIED FINANCIAL PLANNER professionals will promote consumer awareness and understanding of financial planning topics including debt management; preparing for an unexpected financial emergency; home ownership; building savings; investment planning; and preparing for retirement.

CFP Board will be posting special messages for World Financial Planning Day on our consumer website, LetsMakeAPlan.org, and across our social media channels. We encourage CFP® professionals to participate by following CFP Board’s Twitter and Facebook accounts and sharing our World Financial Planning Day posts with their networks on October 4, using the campaign hashtags #WFPD17 and/or #lifesbetter.

Kiplinger Names Financial Advisor a Top 10 Best Job for the Future

Kiplinger recently reviewed 785 jobs and designated 10 high-salary jobs poised for strong growth in the coming decade – including “Personal Financial Advisor” as “Top 10 Best Jobs for the Future.

Using employment data provided by Economic Modeling Specialists International, a labor market research firm owned by CareerBuilder, Kiplinger identified 10 jobs in fields with strong growth projections and higher-than-median salaries. In addition to “Personal Financial Advisor,” the list includes jobs in technology (Computer Systems Analyst, App Developer) and healthcare (Dental Hygienist and Physician Assistant).

For “Personal Financial Advisor,” the report cites projected job growth for financial advisors from 2016-2026 at 23.8%, and noted that “Certification from the Certified Financial Planner Board of Standards enhances an advisor’s credibility.”

Read the full report from Kiplinger >

Register for the CFP Board Online Career Fair Sept. 27

The CFP Board Career Center will host an Online Career Fair on Wednesday, September 27. This is a great opportunity for your firm to connect with highly-qualified and motivated job seekers of all experience levels—without leaving your office. Employer booths are limited, so reserve your spot today!

CFP Board Online Career Fair
Wednesday, September 27, 2017
1:00 - 5:00 p.m. (Eastern)
Booth reservations are now open

We hope you can join us! In the meantime, post your open positions on the CFP Board Career Center.

CFP® Examination Update

Registration is now open for the final CFP® exam administration of 2017, which will take place during a November 7-14, 2017 testing window. 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.

  Updates from the Center for Financial Planning:
  • Center Announces New Academic Journal – Financial Planning Review: The financial planning profession is taking a major step forward with Financial Planning Review, a double-blind, peer-reviewed academic journal from the Center for Financial Planning. Published by John Wiley & Sons quarterly beginning in mid-2018, the Review will be available to all CFP® professionals at no cost and will feature high quality scholarly research on topics relevant to the financial planning practice. The Review’s first Call for Papers will be released on October 5, 2017. Learn more >
  • The Deena Jo Heide-Diesslin Scholarship Now Accepting Applications: The Deena Jo Heide-Diesslin Scholarship is currently accepting applications from students enrolled/planning to enroll in a CFP Board-registered degree or certificate program, who can demonstrate financial need, or are individuals who represent underrepresented populations within the financial services profession (race, ethnicity, gender, sexual orientation). Applications are being accepted through October 31, 2017. Learn more >
  • 2018 Academic Research Colloquium to Include Faculty Interviews: For the first time, the Academic Research Colloquium for Financial Planning and Related Disciplines will offer the opportunity for faculty to interview for open positions across various colleges and universities. Participating colleges and universities with open positions will contact participating faculty candidates directly to schedule an interview during the colloquium. Colleges and universities wishing to interview potential faculty candidates should contact ARC@cfpboard.org to make arrangements. Learn more >
  • Registration Open for Jan. 2018 Financial Planning Teaching Program at Columbia University: We are pleased to announce a second offering of the CFP Board-Columbia University Teaching Program January 8-12, 2018 on campus at Columbia University in New York, NY. The program is designed for faculty who teach in a CFP Board Registered Program, as well as CFP® professionals looking to become adjunct or full-time instructors. Learn more >
  • Help Us Extend the “I Am a CFP® Pro” Campaign: The Center's new educational campaign aims to dispel common misperceptions and highlight the many benefits of a career as a financial planner, sharing the stories of young CFP® professionals who are creative problem solvers, relationship builders and enjoy the freedom to balance personal and professional lives. Visit the campaign website >
  • Mentor a Woman Seeking CFP® Certification: The CFP Board Center for Financial Planning has created the WIN-to-WIN Mentorship Program to address the low percentage of women in the financial planning profession by pairing women seeking CFP® certification with CFP® professionals who will help them through the certification process. We're looking for more Mentors. Learn more and sign up at: www.CFP.net/WINMentor


CFP Board Disciplinary Actions

CFP Board recently imposed interim suspensions of CFP® certification for Ken A. Balser and Tye C. Williams.

Pursuant to Article 5.7 of CFP Board’s Disciplinary Rules, “[a]n interim suspension shall immediately be issued without a hearing when CFP Board Counsel receives evidence of a conviction or a professional discipline in accordance with Article 13.1 for…revocation of a financial professional license (securities, insurance, accounting or bank-related license).” Under interim suspension orders, an individual’s right to use the CFP® certification marks is suspended pending CFP Board’s completed investigation and possible further disciplinary proceedings.

The interim suspension of Ken A. Balser’s CFP® certification, effective August 24, 2017, was automatically imposed following Mr. Balser’s consent to a bar from associating in any capacity with any Financial Industry Regulatory Authority, Inc. (FINRA) member. Mr. Balser was barred by FINRA after he failed to produce requested information and appear for his on-the-record testimony during the course of an investigation into allegations that Mr. Balser engaged in private securities transactions. By refusing to respond to FINRA’s request for documents and information and to appear for on-the-record testimony as requested pursuant to FINRA Rules 8210, Mr. Balser violated FINRA Rule 8210 and 2010. Read the full news release >

The interim suspension of Tye C. Williams’s CFP® certification, effective September 13, 2017, was automatically imposed following Mr. Williams’s consent to a bar from association in any capacity with any Financial Industry Regulatory Authority, Inc. (FINRA) member on September 6, 2016. Mr. Williams was barred by FINRA after he failed to produce requested documents and information in connection with an investigation into a customer complaint that, from 2004 to 2014, Mr. Williams converted over $1 million from the customers’ accounts, made unsuitable investment recommendations, engaged in unauthorized transactions and mismanaged their assets. By failing to produce the documents and information requested by FINRA, Mr. Williams violated FINRA Rules 8210 and 2010. Read the full news release >

CFP Board in the News

In recent weeks, CFP Board Ambassadors have been featured in consumer media outlets, including AARP, CNN Money and Mic, sharing insights on a range of topics including creating a budget, prioritizing financial goals, getting out of debt, and the importance of working with a CFP® professional. Read these and other notable articles >

Upcoming Events

There’s Still Time to Register for the FPA Annual Conference (Oct. 2-4)

One of the top educational events for CFP® professionals and other advanced financial planners is only weeks away! Get the tools, ideas and strategies you need to take your practice to the next level at the FPA Annual Conference 2017. The event, held October 2-4 in Nashville, TN, will feature dynamic content and speakers focused on health care, tax reform, behavioral economics and more. Day passes are also available. Register Now >

Visit CFP Board at the FPA Annual Conference

Catch up with CFP Board during the FPA Annual Conference! Meet with 2017 Chair Blaine Aikin, CFP® and CEO Kevin Keller during a CFP Board Update breakout session on Tuesday, October 3, 2017, from 3:15-4:15 p.m. And stop by our booths in the exhibitor hall (booth numbers 328 and 330) to get the latest updates from CFP Board and the CFP Board Center for Financial Planning and participate in raffles and social media activities onsite.

CFP® Marks-Branded Merchandise

Visit CFP Board’s online store to see the new cuff links, journal book, pen set and golf towel that are now available.

Have product ideas for items you would like to see in the store? Email krussi@cfpboard.org

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