CFP Board Updates

CFP® Board Updates A very exciting update from the CFP Board who on May 29th announced the 100,000th person to become a CFP® Professional. Simone Lee of Merrill Wealth Management was the lucky person to reach the historic milestone. Simone is a 31-year-old financial advisor from New Jersey, and is a first generation American.  Simone is following…

CFP® Board Updates A recent research report by the CFP Board shows “Financial Independence” is the #1 priority of millennials. The survey found 46% of individuals born between 1981 and 1996 cite financial independence or stability is their top life goal. Travel, a healthy and long retirement, career fulfillment, and developing lasting relationships were other…

CFP® Board Updates To commemorate the 50th anniversary of CFP® certification, the CFP Board has published The First 50 Years of CFP® Certification: The Standard for Financial Planning, written by Michelle Kruger, Ph.D., CFP®. Filled with memories and forward-looking insights from individuals who helped lead the CFP® certification’s development over the years. To purchase the book,…

CFP® Board Updates The March 2024 Exam cycle took place from March 12-19, 2024.  With 3,683 individuals being administered the exam, it was the largest number of people ever to sit for the CFP Board Exam. The pass rate for the March 2024 exam was 68%.  Based on those results, the number of CFP® Professionals…

CFP® Board Updates On April 17, 2024, the CFP Board will host the “Guide to CFP Board’s Technology Standard” webinar. The webinar will provide a comprehensive breakdown of the recently released “Guide to CFP Board’s Technology Standard.  This guide is a resource to assist CFP® Professionals in complying with the “Duty When Selecting, Using and…

CFP® Board Updates New data from the CFP Board confirms recent trend of leading US firms adding more CFP® Professionals than ever.  There were 6,089 new Certificants in 2023, with 1,000 of those coming from Edward Jones alone.  In fact, four firms increased their number of CFP® Professionals by more than 200. The four leading…

CFP® Board Updates A 2023 Survey of CFP® Professionals shows overwhelming satisfaction with their career choice.  Furthermore, they fully believe the certification has a positive impact on their career. 87% of CFP® Professionals are satisfied with their career 89% are satisfied with their decision to pursue CFP® Certification An overwhelming 86% would recommend others pursue…

CFP® Board Updates The CFP Board Center for Financial Planning held the 7th annual Academic Research Colloquium for financial planning and related disciplines.  It was held December 7-8, 2023 at the Renaissance Arlington Capital View Hotel in Arlington, VA.  The colloquium is an international meeting of researchers, practitioners, graduate students and leaders of the financial…

CFP® Board Updates The CFP Board Center for Financial Planning announced the 7th annual Academic Reseach Colloquium for financial planning and related disciplines.  It will be held in person at the Renaissance Arlington Capital View Hotel in Arlington, VA.  The dates are December 7-8, 2023. The colloquium is an international meeting of researchers, practitioners, graduate…

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…