UNHOLY TRILOGY: COVID, REMOTE WORK, and CYBERCRIME

CFP® Certificants in the News “There are only two kinds of financial planning firms: those that have faced a cyberattack and those that will.”  Consulting Firm PwC Business is booming for cybercriminals.  The confluence of COVID and remote working has more than doubled cyberattacks against financial firms.  Moreover, the increased number of attacks is far…

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Speak Now or Forever Hold Your Peace—CFP Board’s Proposed Nondisclosure Sanctions

CFP® Certificants in the News CFP Board’s recent background and disclosure review project resulted in a higher-than-expected number of reviews, investigations, and disciplinary actions taken against CFP® certificants. Solely in the author’s opinion, the scope and depth of the disclosure violations, when coupled with the CFP Board’s strategic goal of utmost public trust, may have…

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CFP Board Discipline—Learning from Others’ Mistakes

CFP® Certificants in the News This blog will emphasize recent CFP Board disciplinary trends and the avoidable mistakes made by certificants and candidates1 that can lead to unnecessarily severe discipline. Data for this blog is taken from a CFP Board News Release dated June 30, 2021, in which forty disciplinary actions were published. The topics…

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Cryptocurrency, Financial Planners/Advisors, and Client Expectations

CFP® Certificants in the News Cryptocurrency was considered a highly speculative, if not a suspiciously bizarre novelty, when Bitcoin was introduced anonymously in 2009. Fast forward to today – Cryptocurrency and other digital assets have skyrocketed in popularity. For example, Bitcoin holdings alone in 2021 are estimated at over one trillion dollars, and the federal…

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CFP Board of Directors Positions Open

CFP® Certificants in the News Here is your chance to add your client-facing, practical financial planning perspective to CFP Board’s governing body in 2022. The following excerpt was taken from the CFP BOARD REPORT published on May 20, 2021. “CFP Board is now accepting applications from individuals interested in serving on CFP Board’s Board of…

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ALERT for CFP® Candidates – Add Points to Your Score

CFP® Certificants in the News Those planning to take the CFP® Exam must be aware of how recent changes to the exam structure could affect your score. We will identify the exam change and the takeaway that could add points to your score. The Exam Change The CFP® Exam was traditionally structured as a 170-question,…

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5 Habits of Successful CFP Exam Takers

CFP® Certificants in the News This blog is dedicated to CFP® Candidates, especially those planning to take the CFP Board Exam soon. What better place to begin planning than planning to pass the CFP Board Exam? By the way, hope is not a plan. Hope is a wonderful quality but we need a specific, sequential…

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CFP Board Relaunches “LetsMakeAPlan”

CFP® Certificants in the News CFP Board press release, December 16, 2020 Relying on extensive consumer research and user testing, Certified Financial Planner Board of Standards, Inc. (CFP Board) recently launched its redesigned and updated consumer-facing website, LetsMakeAPlan.org (LMAP). The refreshed website includes updated content and a modernized interface with a mobile-friendly design to improve user experience,…

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The Jackie Robinson of Financial Planning

CFP® Certificants in the News In a recent CFP Board press release, Board Chair Kevin Keller announced that, “As we celebrate Black History Month, I want to recognize LeCount Davis, CFP® for his contributions to the financial planning profession. LeCount was the first African American to earn the CFP® certification, and I am not alone in considering…

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2021 FINANCIAL PLANNING FORECAST

CFP® Certificants in the News According to a January 11, 2021, report by CFP Board,  “…nearly 1 in 5 CFP® professionals reported that clients leaned on them as a financial therapist first and a financial planner second [in 2020]…”. Other key trends were reported by CFP Board, including: The rise of virtual financial planning “Advice…

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