Statement of Understanding of the Financial Planning Coalition
Financial planning is the process of determining whether and how an individual can meet life goals through proper management of financial resources. Financial planning services are critical to the individual and collective financial health of Americans. The financial planning profession provides needed financial literacy to the public, effective methodologies, and guidance in choosing appropriate behaviors and making sound financial decisions. In an increasingly complex world, the profession is valued as essential to the financial well-being of Americans.
Certified Financial Planner Board of Standards (CFP Board), the Financial Planning Association® (FPA®) and the National Association for Personal Financial Advisors (NAPFA), leading national organizations representing the development and advancement of the financial planning profession, share this vision and will collaborate as Congress undertakes regulatory reform to achieve the following objectives:
Through this shared vision, we resolve to move forward with the best of intent and collective effort to achieve these desired outcomes. We invite all groups and organizations who share in this vision to work with us to achieve these goals for the benefit of the public and the profession.
Certified Financial Planner Board of Standards, Inc.
Financial Planning Association
National Association of Personal Financial Advisors
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