CFP Board Updates

CFP® Board Updates The CFP Board has released a guide comparing the National Association of Insurance Commissioners’ (NAIC’s) Suitability in Annuity Transactions Model Regulation (MO-275-1) (Model Regulation) to the CFP Board’s Code of Ethics and Standards of Conduct (Code of Standards).  The purpose of the comparison is to help CFP Professionals better understand key differences…

CFP® Board Updates On October 19, 2023, the CFP Board announced that its Board of Directors elected three new members: Malik Lee, CFP®, Linda Leitz, CFP® and Elisse Walter. The Board of Directors is the policymaking and oversight body of CFP Board of Standards and CFP Board Center for Financial Planning and acts on behalf…

CFP® Board Updates The CFP Board periodically updates the demographic makeup of the field of CFP® Professionals.  It has long been important to the board that CFP® Professionals reflect our everyday society and our clients.  A few key numbers that stick out: The total current number of CFP® Professionals is 97,575 Males make up 76.3%…

CFP® Board Updates The CFP Board recently announced they are asking for comment on the revised Sanction Guidelines and Fitness Standards.  The CFP Board and its board members encourage comments to ensure the proposed revisions echo feedback and insights from CFP® Professionals. The proposed revisions are based on a comprehensive review of the Sanction Guidelines…

CFP® Board Updates In July, the CFP Board announced Elizabeth Miller, CFP® as its 2024 Chair-elect.  She has previous experience with the CFP Board as a Board Director in 2020 and is a member of CFP Board Center for Financial Planning’s Campaign Development. Liz Miller, CFP®, CFA®, is the founder and President of Summit Place…

CFP® Board Updates The CFP Board has announced Vanguard as the newest Founding Sponsor of CFP Board Center for Financial Planning.  Having worked with the CFP Board for the past 6 years, Vanguard has been an invaluable support for the goals of the Center. Corporate sponsors like Vanguard form the backbone of opportunities provided by…

CFP® Board Updates On May 16, 2023, the CFP Board announced the adoption of revised Procedural Rules.  These rules govern the manner in which the process for investigating alleged misconduct takes place, as well as the process for enforcing the Board’s Code of Ethics and Standards of Conduct.  The revised rules will take effect on…

CFP® Board Updates The CFP Board announced on May 1 the creation of an endowed scholarship program to fund the education of women who are aspiring to make an impact and become CFP® Professionals.  The scholarship is operated through the CFP Board Center for Financial Planning. This scholarship will award up to $5,000 a qualified…

CFP® Board Updates The most recent CFP Board exam, administered in March 2023, produced a pass rate of 65%.  That was in increase of 1% from November 2022, and in-line with previous exam pass rates that all hovered in the mid-60% range. There was also a record number of exam test takers in March, with…

CFP® Board Updates The CFP Board Career Center, whose focus is on connecting highly-qualified talent withs firms, will be hosting a career fair on April 21, 2023.  This is the go-to event for employers and job seekers in the financial planning profession.  The event will connect top employers in the financial services industry with highly…