CFP PROFESSIONAL PRACTICE STANDARDS

The Financial Standards Planning Council (FPSC) has officially announced changes to its Certified Financial Planner certification program, which will come into effect July 1, 2010. The changes to the CFP certification Program ensure future candidates have access to the most meaningful educational opportunities, practical and relevant work experience and an incremental path for demonstrating competence in applying and integrating the vast array of knowledge required for professional financial planning.These program changes mark the complete alignment of the CFP certification program with the CFP professional Competency Profile. The Profile recognizes the financial planning profession as practice oriented, and clearly establishes the distinct set of technical knowledge, skills and abilities required of CFP professionals. Rigorous standards apply to: Education, Work Experience and Ethics Requirements.