CFP in the News
Bipartisan Solutions for America’s Broken Tax Code
Congressman Dave Camp (R-MI), Chairman of the powerful Ways and Means Committee, recently released draft legislation dubbed The Tax Reform Act of 2014 (TRA 2014). TRA 2014 aims at job growth, a simpler and fairer tax code, and putting more hard-earned income back into the hands of taxpayers. Laudable goals all, but the bigger news…
Read MoreCFP® News: CFP Board Changing Exam-Taking Procedure
The CFP Board has announced that starting in November 2014, the national Board Exam will be computerized and shortened to 6 hours. The current exam is given over a two-day period, totaling 10 hours, and on a scantron. An ongoing concern of the CFP Board has been the number of students in Approved Educational Programs…
Read MoreCFP Board Issues Compliance Checklist for Standards of Professional Conduct
It is no secret that the CFP Board has placed greater and greater emphasis on the Standards of Professional Conduct required of certified financial planners. Evidence of this can be seen in the most recent national Board exams, where greater emphasis has been given to testing knowledge and compliance of these standards. To assist CFP® professionals in complying…
Read MoreCFP Board Proposing to Increase CE Hours
The CFP Board is currently proposing to make the following changes in continuing education (CE) requirements for certified financial planners: Increasing total CE hours required for each renewal period (every 2 years) from 30 to 40 hours. Granting credit for practice management programs and/or pro bono activities sponsored by a registered CE sponsor organization (up…
Read MoreA New Study Reports… Advisors with CFP® Certification Satisfy More Clients, Resulting in Increased Revenue
According to the Certified Financial Planner Board of Standards, Inc. (CFP Board), Advisors holding CERTIFIED FINANCIAL PLANNER™ (CFP®) designations provide a greater level of quality service to their clients, compared to those without the certification, resulting in higher client satisfaction. Higher client satisfaction in turn translates to increased revenue. This information is based on a…
Read MoreCFP Board Proposes Changes to the Continuing Education Requirements of CFP(R) Certificants
After six months of reviewing the current continuing education requirements of Certified Financial Planner™ (CFP®) certificants, the Certified Financial Planner Board of Standards, Inc. (CFP Board) has established proposed changes to the current requirements. Last Friday, August 17, 2012, the CFP Board announced the proposal of the new rules regarding the continuing education requirement for…
Read MoreCFP Board Approves Changes for the Better
On April 5, 2012, Certified Financial Planner Board of Standards, Inc. communicated changes incorporated into the CFP® designation. These changes were implemented to strengthen the rules and procedures and to clarify public disclosure. The changes mainly touch three domains of requirements: Experience, Bankruptcy Disclosure Procedure, and Amendments to Disciplinary Rules. Changes in the Experience Requirement:…
Read MoreFINRA Outlines New Suitability Requirements
The date of July 9, 2012, marks the implementation of new FINRA rules governing the suitability requirements of brokers under Rule 2111. While many see this as the first foray into a new set of regulations and harmonization of the true fiduciary standards that RIA’s must meet, these new rules and standards push brokers to…
Read MoreNOTICE: CFP Program Annual Course Updates
In the next 6 days, we will be introducing updates to both the Estate Planning and Retirement Planning courses, in that order. The updates will center on 2012 inflation adjustments. To ensure your success, if you are close to taking an exam, you will see an “Updates for the Course Midterm/Final Exam” link above the…
Read MoreBenefits of Accelerated Online CFP Programs
With any new endeavor, there is always the question of whether or not you’re qualified. It’s no different when beginning the CFP® Certification process. For all of the career changers, or even those who only have experience in one of the major areas, there’s a concern that you’ll need some kind of base of knowledge regarding…
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