CFP Board Announces Public Forums on Code of Ethics and Standards of Conduct
With FPA and NAPFA support, forums will help educate stakeholders; gather input for resources
Certified Financial Planner Board of Standards, Inc. announced today a series of public forums to help educate the public and provide guidance to CFP® professionals and firms on the new Code of Ethics and Standards of Conduct, which go into effect October 1, 2019.
The public forums will be held in cities across the country throughout 2018 and 2019. As part of the forums, members of CFP Board staff and the recently announced Standards Resources Commission will give presentations on the new Standards while also gathering feedback and input on the kinds of resources that CFP® professionals and firms would find helpful in their understanding, adoption and compliance with the new Standards.
“We want all CFP® professionals to have an accurate and practical understanding of the new Standards by the time they become effective,” said CFP Board CEO Kevin R. Keller, CAE. “These public forums provide an opportunity to not just educate our stakeholders and the public, but also for us to learn what information they need to ensure they understand the Standards.”
The Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA) will be working with CFP Board to promote the forums. All of the public forums are free and open to the public. Those wishing to attend should register at www.CFP.net/forums. Specific dates, times and locations can be found on the registration page.
Dates and Locations for the 2018 Forums:
- Sept 25 Evening – Philadelphia
- Sept. 26 Morning – Baltimore
- Sept. 26 Evening – New York
- Sept. 27 Morning – Boston
- Dec. 5 Evening – Miami
- Dec. 6 Morning – Orlando
- Dec. 6 Evening – Charlotte
- Dec. 7 Morning – Atlanta
The general schedule for the other forums is as follows:
- March 2019: San Antonio, Houston, Dallas, and Kansas City
- June 2019: San Francisco, Los Angeles, San Diego, and Phoenix
- September 2019: Chicago, Detroit, Minneapolis, and Pittsburgh
- December 2019: Denver, Seattle, and Portland
CFP Board’s Board of Directors approved the new Code and Standards in March 2018. The Standards include an expanded scope of the fiduciary standard that requires CFP® professionals to act in the best interest of the client at all times when providing financial advice. The Board set an effective date of October 1, 2019, and all CFP® professionals are expected to comply by this date. A Standards Resource Commission has been established to create guidance documents and materials for CFP® professionals and their firms.
More information about the Code and Standards can be found at www.CFP.net/code.
ABOUT THE FINANCIAL PLANNING ASSOCIATION
The Financial Planning Association® (FPA®) is the principal professional organization for CERTIFIED FINANCIAL PLANNERTM (CFP®) professionals, educators, financial services professionals and students who are committed to elevating the profession that transforms lives through the power of financial planning. Through a collaborative effort to provide members with tools and resources for professional education, business support, advocacy and community, FPA is the indispensable resource in the advancement of today’s CFP® professional. Learn more about FPA at www.OneFPA.org and follow on Twitter at twitter.com/fpassociation.
Since 1983, The National Association of Personal Financial Advisors has provided Fee-Only financial planners across the country with some of the highest standards possible for professional competency, comprehensive financial planning, and Fee-Only compensation. With more than 3,300 members across the country, NAPFA is the leading professional association in the United States dedicated to the advancement of Fee-Only financial planning. Learn more at www.napfa.org.
Certified Financial Planner Board of Standards, Inc. is the professional body for personal financial planners in the U.S. CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. CFP Board, along with its Center for Financial Planning, is committed to increasing the public’s awareness of CFP® certification and access to a diverse, ethical and competent financial planning workforce. Widely recognized by firms and consumer groups as the standard for financial planning, CFP® certification is held by more than 83,000 people in the United States.
Dan Drummond, Director of Communications