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About the CFP Board
Founded in 1985 as a nonprofit professional regulatory organization,
the CFP Board exists to benefit the public by fostering professional
standards in personal financial planning.
The Certified Financial Planner Board of
Standards (CFP Board) is an independent professional regulatory
organization that owns the federally registered CFP marks. The
CFP Board regulates financial planners through trademark law
by licensing individuals who meet its certification requirements
to use the CFP marks.
The CFP Credential
The public's growing need for objective financial planning advice,
combined with the rigorous standards demanded of CFP licensees,
has placed the CFP credential at the forefront of the financial
planning profession. Introduced in 1972, the CFP designation
has become the most widely recognized financial planning credential
among consumers. In the absence of uniform government regulation
of financial planners, this credential reassures the public that
those financial planners who are CFP licensees have voluntarily
agreed to adhere to high standards of competence and ethical
practice established by the CFP Board.
CFPTM Certificants
The majority of CFPTM certificants are in the practice of personal financial
planning and may be listed as such by the CFP Board. CFPTM certificants
are found in all 50 states and throughout the world. To check
that your planner is authorized to use the CFP certification
marks, call the CFP Board at 888-CFP-MARK.
CFPTM, CERTIFIED FINANCIAL PLANNERTM and are certification
marks owned by the Certified Financial Planner Board of Standards,
Inc. These marks are awarded to individuals who successfully
complete the CFP Board's initial and ongoing certification requirements.
Certification Requirements
The CFP certification process is based on financial planning
job analysis research, which is conducted periodically among
practicing CFP licensees. Candidates must first show they have
completed a personal financial planning curriculum, available
through more than 90 U.S. colleges and universities. They must
then pass a 10-hour, two-day examination that tests their knowledge
of the components of financial planning.
Prior to licensing, candidates also must
provide evidence of financial planning-related work experience.
Finally, candidates must sign an affidavit disclosing any investigations
or legal proceedings related to their professional or business
conduct, and stating that they understand and agree to adhere
to the CFP Board's Code of Ethics and Professional Responsibility.
Relicensing Requirements
All CFP licensees must fulfill a biennial continuing education
requirement and abide by a strict standard of professional conduct,
as outlined in the CFP Board's Code of Ethics.
Disciplinary Oversight
To regulate licenses, the CFP Board investigates consumer complaints
and CFP licensees? disclosures of ethical problems, imposes disciplinary
sanctions as warranted, and shares information with other regulatory
bodies. The CFP Board may suspend or revoke a CFP licensee's
right to use the CFP marks if it finds that the licensee has
violated the Code of Ethics.
For more information about the CFP Board,
call or write:
Certified Financial Planner Board of Standards
1700 Broadway, Suite 2100
Denver, Colorado 80290-2101
Telephone: (303) 830-7500 Fax (303) 860-7388
Email: mail@CFP-Board.org
Web: www.CFP-Board.org
Consumer Toll-free Number: 888-CFP-MARK
Copyright © 1998, Certified Financial
Planner Board of Standards, Inc. All rights reserved.
CFP™ and CERTIFIED FINANCIAL PLANNER™
are marks owned by the Certified Financial Planner Board of Standards,
Inc. These marks are awarded to individuals who successfully
complete the CFP Board's initial and ongoing certification requirements.
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