News & Updates
Relationships, Psychology, and Financial Issues
Good to Know CFP Board’s focus on the psychology of financial planning led to a new domain topic— The Psychology of Financial Planning. Our focus in today’s article is on financial tensions in relationships. According to The Practitioner Resource Guide (Guide) offered by CFP Board, three common relationship tensions include Financial Enabling, Financial Control, and,…
Read MoreCFP Board Supports Expansion of Fiduciary Duty
CFP® Certificants in the News The Employee Retirement Investment Security Act of 1974 (ERISA) pioneered desperately needed reforms for employer provided retirement plans. As just one example of pre-ERISA abuses, some employers required lengthy vesting requirements and—in a flagrantly deplorable practice—terminated employees before they became vested to avoid paying pensions. Fifty years ago, ERISA rode…
Read MoreCFP Board Announces 2023 Academic Research Colloquium Winners
CFP® Board Updates The CFP Board Center for Financial Planning held the 7th annual Academic Research Colloquium for financial planning and related disciplines. It was held December 7-8, 2023 at the Renaissance Arlington Capital View Hotel in Arlington, VA. The colloquium is an international meeting of researchers, practitioners, graduate students and leaders of the financial…
Read MoreArtificial Intelligence in Insurance
Good to Know The promise of AI must be tempered by the responsibility for its use by insurance companies according to a guidance bulletin published December 4 by the National Association of Insurance Commissioners (NAIC). According NAIC Commissioner Birrane, “This initiative represents a collaborative effort to set clear expectations for state Departments of Insurance regarding…
Read MoreWhen Do Gen Z, Gen X, and Millennial Investors Seek Financial Advice?
Good to Know “Advisors may need to connect to younger prospects on social media and tailor services to such life events as marriage, buying a home or starting a family, according to a recent survey…” according to a recent article published by Financial Advisor IQ. The article was based on a survey of 1,000 investors…
Read MoreAre You Displaying Your CFP® Mark Correctly?
CFP® Certificants in the News Take this quick quiz to test your knowledge of CFP Board’s expectations of your use of the CFP® mark. For every use of the mark below, determine which is compliant. Note that question number 1 in our previous article was based on an accidental and incorrect posting by CFP Board.…
Read MoreCFP Board Announces 2023 Academic Research Colloquium
CFP® Board Updates The CFP Board Center for Financial Planning announced the 7th annual Academic Reseach Colloquium for financial planning and related disciplines. It will be held in person at the Renaissance Arlington Capital View Hotel in Arlington, VA. The dates are December 7-8, 2023. The colloquium is an international meeting of researchers, practitioners, graduate…
Read MoreSpeak Now or Forever Hold Your Peace
CFP® Certificants in the News CFP Board has a deadline of December 3 for you to post comments on it’s proposed revisions to sanction guidelines and fitness standards. A summary of the key proposed changes follow. “A revised inventory of 52 conduct categories that align with the Code and Standards A new list of 25 general aggravating and…
Read MoreCFP Board Compares Code of Standards to NAIC Model Regulation
CFP® Board Updates The CFP Board has released a guide comparing the National Association of Insurance Commissioners’ (NAIC’s) Suitability in Annuity Transactions Model Regulation (MO-275-1) (Model Regulation) to the CFP Board’s Code of Ethics and Standards of Conduct (Code of Standards). The purpose of the comparison is to help CFP Professionals better understand key differences…
Read MoreUnconventional Ways to Payoff Student Loans
Good to Know Student loan debt is a financial albatross, voraciously consuming discretionary income and obstructing saving for home down payments, retirement, and more. Take this uber short quiz to see just how challenging the repayment of student loan debt can be. 1. The average student requires years1 to pay off their student loans. Correct.…
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