Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.

CFP Board announces release of new financial planning resource guide

On Behalf of | Aug 10, 2023 | CFP Board

A new resource guide to help financial planners improve their practices has been published, the Certified Financial Planner Board of Standards said.

The CFP Board announced the release of “The Psychology of Financial Planning: Practitioner Resource Guide”. The board said the book is designed to help financial planners at all career stages gain a better understanding of people’s financial decision-making and to strengthen their relationships with clients. It provides CFP® professionals with tools to incorporate the psychology of financial planning, including step-by-step guides, lists of do’s and don’ts, practical exercises, examples and other informative figures and lists.

Published by ALM, it is being released to complement the 2022 book, “The Psychology of Financial Planning,” and offers methodologies to help apply the concepts introduced in the first book.

“After the launch of The Psychology of Financial Planning, it was clear that CFP® professionals wanted additional guidance on the subject,” said CFP Board CEO Kevin R. Keller, CAE. “The Practitioner Resource Guide is a practical resource to assist CFP® professionals with integrating this vital knowledge in their work with clients. We are grateful to the contributors for the important insights they share in this new book.”

The new guide can be read after or in conjunction with The Psychology of Financial Planning book. The board said CFP® professionals can use the books to improve their own practices, while candidates for CFP® certification will gain a deeper understanding of the topics, which are assessed on the CFP® exam.

Both books address the Psychology of Financial Planning Principal Knowledge Domain that was introduced to the CFP® certification curriculum after the CFP Board’s 2021 Practice Analysis Study. According to the board, the psychology of financial planning is defined as “identifying and responding to attitudes, behaviors and situations that impact decision-making, the client-planner relationship and the client’s financial well-being.”

The new resource guide can be purchased on the CFP Board’s website at CFP.net/psychology.

Lewitas Hyman PC represents advisors, brokers and other financial professionals in all matters involving the CFP Board, including CFP Board investigations. Headquartered in Chicago, our securities attorneys represent clients nationwide. For more information relating to CFP Board investigations and discipline or other matters, contact Lewitas Hyman at (844) 651-2641 or through our online contact form for a free consultation.

Share This