CFP in the News

CFP® Certificants in the News Those taking the CFP® Exam consistently lose vital points in 5 key areas: Failure to enroll in a review course, Lack of a disciplined study plan, Failure to answer enough practice questions, Failure to know the Code of Ethics and Standards of Conduct, and Lack of an exam-taking strategy We…

CFP® Certificants in the News The COVID-19-related CARES Act of 2020 was not tested on the September 2020 CFP® Exam. Only key portions of the Act will be tested on the November 2020 CFP® Exam according to CFP Board. An excerpt from the CFP BOARD KEY ELEMENTS CARES ACT 2020  follows: “The Coronavirus Aid, Relief, and Economic Security (CARES) Act was…

CFP® Certificants in the News You’ve heard it said that “you must be present to win.” That expression was never truer than in passing the CFP Board Exam. However, you no longer have to be present in person at a testing center to take the exam. On July 16, CFP Board issued a press release…

CFP® Certificants in the News The annual rate of public discipline against CFP® Certificants is estimated at less than two tenths of one percent. Yet, even the best of professions needs ethical enforcement. For example, CFP Board published a notice of public discipline against 13 Certificants on June 3, 2020. We will not repeat the…

“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…

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…

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…

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…

CFP Board Center for Financial Planning – Workforce Development Initiative CFP Board reports1 a “growing number of financial planners [will] retire” and sounds the alarm to avoid a “shortage of CFP® professionals to serve the increasing demand of the public.” One of the ways CFP Board is “building the talent pipeline” is through the Financial…

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…