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CFP Board releases three new guides to help CFP professionals

On Behalf of | Feb 17, 2022 | CFP Board

The Certified Financial Planner Board of Standards announced it has released three new guides to help certified financial planning professionals fulfill their obligations that are specified under the board’s Code of Ethics and Standards of Conduct. The resources cover a variety of topics important to CFP professionals in their practices.

Each of the guides spells out specific details of the Code of Ethics and Standards of Conduct to help give planners the information they need to meet their duties. The CFP Board said the guides are new additions to the compliance resource library aimed at educating financial planners.

“The guides were developed with our Standards Resource Commission and provide guidance that financial planners can use to become trusted advisors, provide clients with confidence and make a positive impact in people’s lives,” said CFP Board CEO Kevin R. Keller, CAE.

The three new guides are as follows:

The Guide to Satisfying the Duty of Care When Providing Financial Advice That Does Not Require Financial Planning, which outlines a process for CFP professionals to satisfy the duty of care.

The Guide to the 7-Step Financial Process, a case study using a hypothetical circumstance to illustrate how advisors can provide financial planning to a client.

The Guide to Managing Material Conflicts of Interest, a description of the approaches planners can take in the area of conflict management.

CFP professionals are required to uphold the high standards outlined in the board’s Code of Ethics and Standards of Conduct.   If you receive a Notice of Investigation from the CFP Board’s Enforcement Counsel, you should immediately hire experienced counsel to guide you through the process. Lewitas Hyman represents financial professionals in all matters involving the CFP Board. For more information relating to CFP Board investigations and discipline or other matters, contact us at (888) 655 6002 or through our online contact form for a free consultation.