CFP Board Updates

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…

CFP® Board Updates The 2023 CFP Board Conference will again be a combined conference of CFP Board Registered Programs and the Annual Firms Summit.  Through combined sessions as well as firm and registered program specific tracks, conference attendees will have a special opportunity to meet, network, and share knowledge that advances their roles in and…

CFP® Board Updates The CFP Board announced in January that they have established a new 501(c)(6) to help achieve their strategic workforce development priorities.  The end result will be a 501(c)(3) called the CFP Board Center for Financial Planning and a 501(c)(6) called the CFP Board of Standards. Why are they taking this action? The…

CFP® Board Updates The CFP Board has announced they will be forming a Competency Standards Commission in 2023.  The purpose of the commission will be to review and evaluate the CFP Board’s competency requirements for Education, Examination, Experience, and Continuing Education. The commission will be comprised of volunteers selected from financial services firms, educators, certification…

CFP® Board Updates NOTE:  THIS IS A REPEAT OF LAST MONTH’S BLOG.  WE WANT TO BE SURE EVERYONE IS AWARE OF THE NEW REQUIREMENT Students of our CFP Certification Education Programs are aware, but this may serve as a reminder, the CFP Board will begin charging the $195 “Per Capita” fee on January 1, 2023.…

CFP® Board Updates Students of our CFP Certification Education Programs are aware, but this may serve as a reminder, the CFP Board will begin charging the $195 “Per Capita” fee on January 1, 2023. What is the Per Capita Fee? When a student completes this program, we report it to the CFP Board, and the…

CFP® Board Updates The CFP Board and the Center for Financial Planning have announced the dates for the 2022 Academic Research Colloquium for Financial Planning.  The conference will be held at the Conrad Washington, DC on October 24th and 25th, 2022. The Colloquium, which is an initiative of the Center for Financial Planning, is a…