Displaying 311 results
CFP Board hikes requirement for certification exam
The increase in class work on how to prepare and present financial plans is intended to bridge theory and practice
Groups retrench on defining planners
The Financial Planning Coalition has given up its effort to get Congress to establish a definition of financial planning that would have brought thousands of insurance and securities brokers under the sway of a new oversight board.
CFP Board emphasizes ethics for firms that work with planners
The Certified Financial Planner Board of Standards Inc. expects to roll out draft guidelines next month for insurance firms, broker-dealers, banks and money managers to help them comply with the organization's ethical standards for independent advisers.
CFP Board readies ethics lessons for firms that work with licensed planners
The Certified Financial Planner Board of Standards Inc. expects to roll out draft guidelines next month for insurance firms, broker-dealers, banks and money managers to help them comply with the organization's ethical standards for independent advisers.
Bid to regulate planning industry will soon run into opposition, leaders predict
The industry effort to regulate financial planning as a profession has support from within, but it won't escape opposition from other sectors of the financial services community, several industry leaders said last week.
Chuck Moran elected as 2010 chairman-elect of CFP Board’s board of directors
Charles A. Moran was elected the chairman-elect of the Certified Financial Planner Board of Standards Inc., the organization announced today.
Adviser groups to SEC’s Investor Advisory Committee: Don’t impose a definition on concept of ‘fiduciary duty’
Four groups that represent investment and financial advisers complained in a letter about the possibility that the Securities and Exchange Commission's Investor Advisory Committee may attempt to define the term “fiduciary duty.”
CFP Board proposes changes to education standards
The Washington-based Certified Financial Planner Board of Standards Inc. is seeking comments on a proposal that would change the current standards for attaining the CFP mark.
CFP Board comes out against surprise audits, calling them too costly
Investment advisers who deduct fees from client accounts should not be required to undergo annual surprise audits, the Certified Financial Planner Board of Standards Inc. told the Securities and Exchange Commission.
Financial Planning Coalition wants oversight board for financial advisers
Going beyond their past call for a professional oversight board for financial planners, the Financial Planning Coalition today will ask Congress to bring under one organizational umbrella all advisers who provide financial planning services.
CFP Board’s financial chief steps down
Emil Mara, chief financial officer for the Certified Financial Planner Board of Standards Inc. has left the organization.
We need financial cops – and speed limits
Mary Schapiro, chairman of the Securities and Exchange Commission, is correct: Fiduciary standards for all who give investment advice won't be sufficient to deter fraud.
Target date funds seen as a question of how rather than if
Target date funds are ripe for regulation — a conclusion made abundantly clear at a joint Department of Labor and Securities and Exchange Commission hearing this month dissecting these popular retirement funds.
CFP Board invites insurers, brokers to discuss ethical standards
The Certified Financial Planner Board of Standards Inc., which is lobbying for designation as the primary regulatory group for the planning industry, is forming a Business Model Working Group to help insurers, banks and broker-dealers understand how its standards apply to employees in their industries.
CFP Board announces exam results
The Certified Financial Planner Board of Standards Inc. today announced that slightly more than half (52.3%) of the 2,063 individuals who sat for the March 20-21, 2009, CFP certification examination passed the test.
Finra walks fiduciary/suitability tightrope
Finra chief Richard Ketchum's call for a fiduciary standard for all advisers, even as he indicated that he would not want to significantly alter suitability rules for broker-dealers, highlights the difficulties inherent in harmonizing the two regulatory standards as the strife-torn industry moves towards establishing a single self-regulatory organization for advisers.
Activity of investment advice needs regulation
As Congress prepares to tighten financial regulation to correct weaknesses revealed by the mortgage collapse, the debate over who should regulate those who give in-vestment advice, including financial planners,
Planners urge enforcer role for CFP Board
With regulation of the financial planning industry all but a certainty, a coalition of industry groups is cobbling together a proposal to make the Certified Financial Planner Board of Standards Inc. the rule setter and enforcer for the nation's hundreds of thousands of unregulated planners.
Adviser Glovsky named chairman-elect of CFP board
Robert Glovsky has been voted chairman-elect by the board of directors of the Certified Financial Planner Board of Standards Inc., the Washington-based organization that certifies and sets standards for certified financial planners.
Requirements added for ChFC tag
The American College of Bryn Mawr, Pa., which awards the chartered financial consultant designation, has stepped up the requirements necessary for financial planners to use “ChFC” as a credential.
