“Honesty is the best policy.” -Sir Edwin Sandys, 1599 CFP Board reported automatic interim suspensions on several participants’ right to use the CFP® mark in its April 14, 2020, press release. The CFP Board suspensions were based upon investment license revocations by the State of California and FINRA. Assuming the allegations made by CFP Board are proven, a number of recently-disciplined CFP® certificants…

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COVID19, Market Volatility and Staying Calm The author had a Trust client that I will call Mr. B, a decorated former Marine. He built a highly successful business after he left the Marine Corps and eventually sold the business at a favorable valuation. While most of the author’s trust clients were highly stressed by the…

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CFP Board COVID19 Updates The most recent CFP Board guidance for those planning to take the CFP Board Exam in 2020 follows: “MARCH 2020 CFP® EXAM COVID-19 impacted hundreds of candidates planning to sit for the March 2020 exam. Some early test site closures were announced early in the March 10-17 testing window, followed by…

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CFP Board Exam Registrants – Be sure to take CFP Board’s Practice Exam What could be better for exam preparation than taking a full six-hour, timed practice exam offered by the CFP Board? Receiving this resource free is better! The cost of CFP Board’s full, 170-question practice exam is normally $249. If you registered to…

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The results are in. According to CFP Board’s January 15, 2020, report entitled CFP BOARD REPORTS STRONG GROWTH IN 2019, the Board summarized the results of key diversity programs as follows: “The Certified Financial Planner Board of Standards finished the year [2019] with very strong numbers, reflecting the results of CFP Board initiatives as well…

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CFP Board’s December 17, 2019, Independent Task Force Report Apparently, there’s a new Sheriff in town.  As a result of a recent task force analysis, CFP Board will now conduct annual background checks on CFP® Certificants.  An overview of the Board’s report follows: Overview On July 30, 2019, the Board of Directors of CFP Board (“The Board”)…

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CFP® Certificant in the News According to the CFP Board, “the percentage of women CFP® professionals has remained flat at 23 percent for at least a decade.” Based upon CFP Board commission researched aimed at increasing that percentage, the “WIN Council” and “WIN Advocates” were created by the Board. Key information follows: “WIN Council Following…

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CFP Board’s November 2019 “Let’s Make a Plan” newsletter addresses digital security and more There’s never been a time in history when it was more important to keep online financial records private. For example: A 2019 Pew Research Center FACTANK report indicates 9 in every 10 Americans use the internet for online shopping and social…

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CFP Board Releases 2019 Survey of CFP® Professionals. CFP Board surveys its Certificants every two years. The 2019 survey canvassed 800 CFP® Professionals and addressed a number of topics, including job satisfaction and key demographic metrics. Job Satisfaction CFP Board reported a continued trend of high job satisfaction among CFP® Professionals working as financial planners.…

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