Sign In

Skip Navigation LinksOneFPA > About > Press Room > Financial Planning Association Statement on CFP Board’s Commission on Standards Draft Revised Standards of Professional Conduct Release

​DENVER (June 20, 2017) – The Financial Planning Association® (FPA®), the largest membership association for CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals in the United States, issued the following statement on today's release of the Commission on Standards' Draft Revised Standards of Professional Conduct by the Certified Financial Planner Board of Standards (CFP Board).

 

"FPA believes that on behalf of the public and the profession, CFP® professionals must act in the best interest of their clients at all times. We commend CFP Board for forming the Commission on Standards to review and identify improvements to the high standards that all CFP® professionals must adhere to. We applaud their efforts in seeking to raise the bar in the profession," says 2017 FPA President Shannon J. Pike, CFP®. "FPA has been a staunch advocate for an unambiguous fiduciary standard for years and has proudly worked collaboratively with CFP Board and NAPFA as partners in the Financial Planning Coalition to advocate for this high standard. FPA's actions over the years to advocate for a fiduciary standard have led to meaningful awareness and advancement of the profession."

 

With more than 17,000 CFP® professionals among its membership ranks, it is important for FPA to seek feedback from members prior to forming a more detailed position on the specific changes being recommended in the Draft Revised Standards of Professional Conduct.

 

"The FPA Member Advocacy Council (MAC) will review the recommendations outlined by the Commission on Standards and will proactively engage CFP® professional members of FPA to gather feedback on the changes the Commission is recommending to their practice standards," says MAC Chair Nick Nicolette, CFP®. "By employing a series of feedback opportunities, including a member survey and conference call, we feel we can gather critical member feedback on the proposed changes and form an official organizational position that accurately reflects the sentiment of our CFP® professional members."

 

FPA will provide an official, public position on the proposed changes by the 60-day comment period expiring on Aug. 21, 2017.

 

###

 

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 seek advancement in a growing, dynamic profession. Through a collaborative effort to provide more than 23,000 members with One ConnectionTM to tools and resources for professional development, business success, advocacy and community, FPA is the indispensable force in the advancement of today's CFP® professional. Learn more about FPA at www.OneFPA.org and follow on Twitter at twitter.com/fpassociation.