CFP and Financial Planning - Financial Advisor Source

50th Anniversary Of The CFP Marks: The Journey, Current State Of CFP Board, And Growing The Financial Planning Profession

Nerd's Eye View

SEPTEMBER 25, 2023

So, in the late 1960s, a movement began to organize and promote best practices that would establish financial planning as a true profession. As a result, in 1973, a group of 35 planners became the inaugural recipients of the CFP marks.

CFP

CFP Financial Planning Planning Certification

CFP Board’s Fee Increase For Workforce Development: More Advisors Or Just More Sales Churn?

Nerd's Eye View

JULY 18, 2022

Amid estimates that nearly 40% of all financial advisors are likely to retire in the next 10 years, the need for a new generation of advisor talent is clear.

CFP

CFP Recruitment Sales Certification

Title Protection For (CFP) Financial Planners And The FPA’s Two About-Faces

Nerd's Eye View

DECEMBER 19, 2022

But a lawsuit to block the rule ultimately led to it (and the associated Title Protection for "financial planner") being vacated… by the FPA. Raising the question of whether the FPA is also considering an about-face on its CFP-centricity, too.

Financial Planner

Financial Planner CFP Certified Financial Planner Financial Planning

Webinars

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

MORE WEBINARS

How Marketing With The CFP Marks Reduces Client Acquisition Costs And Accelerates Revenue Growth

Nerd's Eye View

MARCH 27, 2023

In the context of financial advisors, surveys have shown that CFP certification serves as an important branding signal for consumers seeking the services of a qualified advisor. Similarly, CFP practitioners were found to have a lower practice-wide Client Acquisition Cost (CAC) and greater revenue growth in 2021! Read More.

CFP

CFP Clients Certification Financial Advice

Best Practices For Running A Financial Planning Internship Program (And Creating A More Productive Outlook)

Nerd's Eye View

MAY 22, 2023

Traditionally, financial planning internship programs have offered students who are aspiring financial planners a way to prepare for entering the workforce by gaining real-world experience in advisory firm settings (as well as a way to get their foot in the door with prospective employers).

Financial Planning

Financial Planning Planning Financial Planner Certification

Why Service Advisors Who Obtain CFP Marks Are Making More Money For Themselves And Their Firms

Nerd's Eye View

SEPTEMBER 9, 2024

While the share of advisors with the CFP marks has risen steadily over time, today, about 2/3 of financial advisors are not CFP professionals. The typical service advisor without CFP certification earns $48.83 The typical service advisor without CFP certification earns $48.83 hour, compared to $120.00

CFP

CFP Certification Financial Planning Clients

CFP Board Splits To Better Tout Profession’s Benefits

Wealth Management

JANUARY 25, 2023

The CFP Board Center of Financial Planning will concentrate on pro bono and research work, while the CFP Board of Standards will focus on certifying advisors.

CFP

CFP Financial Planning Planning

Former TDAI Exec Kate Healy to Lead CFP Board Center for Financial Planning

Wealth Management

AUGUST 3, 2022

Healy, who was laid off from TD Ameritrade during its integration with Schwab, has volunteered with the Center for Financial Planning for several years. Now she'll lead it.

Financial Planning

Financial Planning CFP Planning

Adviser links: choosing to work

Abnormal Returns

OCTOBER 9, 2023

advisorperspectives.com) What does comprehensive financial planning entail? advisorperspectives.com) How to choose a CFP exam study program. (kitces.com) Advisers What to do if a client (or prospect) ghosts you. wealthmanagement.com) Inflation is the biggest risk to retirees. thinkadvisor.com)

CFP

CFP Education Financial Planning Planning

What (Really) Makes Advisors More Productive And The Third Kitces Research Study On Advisor Productivity

Nerd's Eye View

SEPTEMBER 19, 2022

2022 marks the 50 th anniversary of the enrollment of students into the first Certified Financial Planner (CFP) course, and in the years since then, financial planning (and the process of creating a financial plan) has changed extensively.

Financial Planner

Financial Planner Certified Financial Planner Financial Planning CFP

Adviser links: staffing a growing firm

Abnormal Returns

SEPTEMBER 9, 2024

Podcasts Michael Kitces talks financial wellness with Zack Hubbard. Zack is the Director of Financial Planning and Participant Engagement of Greenspring Advisors. youtube.com) Brendan Frazier talks with Michael Kitces about mastering the human side of financial advice.

Financial Planner

Financial Planner Estate Planning CFP Financial Advice

Weekend Reading For Financial Planners (Dec 17-18)

Nerd's Eye View

DECEMBER 16, 2022

Also in industry news this week: While the FPA is going full steam ahead on its federal and state lobbying efforts to regulate the title “financial planner”, CFP Board is more focused on increasing recognition of the CFP marks.

Financial Planner

Financial Planner CFP Financial Advisor Retirement Planning

#FA Success Ep 353: Driving Growth By Setting A Clear Vision Of What You Do Best In Your Business(es), With Brett Danko

Nerd's Eye View

OCTOBER 3, 2023

Welcome back to the 353rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brett Danko.

Certified Financial Planner

Certified Financial Planner CFP Education Financial Advisor

RWM is Coming to Naples, Florida!

The Big Picture

JANUARY 29, 2024

When the opportunity to partner with Adam Day, CFP in Naples came along, we jumped on it. This is the perfect opportunity to learn more about how we manage assets and develop financial plans for our clients, or to just swing by and say “hello.” Michael Batnick and are coming down with some of our colleagues on March 4th-6th.

CFP

CFP Financial Planning Clients Economy

Weekend Reading For Financial Planners (October 12–13)

Nerd's Eye View

OCTOBER 11, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a CFP Board ad campaign promoting a career in financial planning to high school and college students sparked an uproar in the planning community, as some advisors questioned whether the messages being sent in the ads – (..)

Financial Planner

Financial Planner CFP Financial Planning Retirement Planning

#FA Success Ep 314: Focusing On The Planning Work You Enjoy By Providing Outsourced Virtual CFP Services, With Sue Chesney

Nerd's Eye View

JANUARY 3, 2023

Sue is the owner of Delegated Planning, which offers virtual outsourced financial planning support to 55 advisory firms, and the co-founder of Planning Zoo, an outsourced financial planning data entry business that helps current and recently graduated students from college CFP educational programs connect with advisory firms that need paraplanner support (..)

CFP

CFP Planning Financial Planning Financial Advisor

CFP Misconduct Research (And The Challenge Of Counting How Many Financial Advisors There Really Are)

Nerd's Eye View

FEBRUARY 27, 2023

Advisors who attain the CFP marks are held to even higher standards, though, with all CFP certificants required to adopt CFP Board’s own more-stringent Code of Ethics and Standards of Conduct. in Journal of Financial Regulation, however, concludes the opposite. A forthcoming study by Jeff Camarda et al.

CFP

CFP Financial Advisor Ethics Certification

CFP Misconduct Research And The Challenge Of Counting How Many Financial Advisors There Really Are

Nerd's Eye View

FEBRUARY 27, 2023

Advisors who attain the CFP marks are held to even higher standards, though, with all CFP certificants required to adopt CFP Board’s own more-stringent Code of Ethics and Standards of Conduct. in Journal of Financial Regulation, however, concludes the opposite. A forthcoming study by Jeff Camarda et al.

CFP

CFP Financial Advisor Ethics Certification

Adviser links: managing behavior

Abnormal Returns

JANUARY 30, 2023

standarddeviationspod.com) Michael Kitces talks Jennifer Climo, the CEO and a Senior Advisor for Milestone Financial Planning, about the logistics of merging two practices in just 7 years. citywire.com) Why Zoe Financial launched its own RIA, Zoe Wealth Platform. riabiz.com) Why the CFP is splitting into two organizations.

Management

Management Nonprofit Financial Planning Communication

Kitces & Carl Ep 135: Do Experienced Financial Planners Have A Professional Obligation To Create Job Opportunities For The Next Generation?

Nerd's Eye View

APRIL 4, 2024

Accordingly, much of the heavy lifting to meet the demand for new advisors will likely be done by the Schwabs and Vanguards of the world, while professional organizations, like the FPA and CFP Board continue to create systems and structures that make it easier for growing firms to develop training programs and career tracks.

Financial Planner

Financial Planner CFP Professional Services Financial Planning

Blake Pinyan on Personal Drive, Technology and the Future of Financial Planning

Wealth Management

OCTOBER 18, 2023

Blake Pinyan, CFP and FPA National NextGen Co-Chair, shares his journey in the financial planning industry.

Financial Planning

Financial Planning Planning CFP

Adviser links: motivational interviewing

Abnormal Returns

AUGUST 28, 2023

riabiz.com) Charles Schwab ($SCHW) is planning more job cuts due to the TDA integration. investmentnews.com) Pro bono planning Does financial planning have a pro bono problem? mywealthplanners.com) The CFP Board wants to encourage pro bono planning.

Tax Planning

Tax Planning CFP Financial Planning Planning

Amplifying 8 Asian-American Voices in Financial Planning

eMoney Advisor

MAY 1, 2023

.” Only 4 percent of Certified Financial Planner™ professionals identify as Asian American or Pacific Islander (AAPI), though they make up 6.2 1,2 Despite the small numbers, AAPI professionals remain the largest ethnic minority within the financial planning profession. percent of the American population.

Financial Planning

Financial Planning Planning Financial Planner CFP

4 Women Empowering Women in Financial Planning

eMoney Advisor

MARCH 1, 2023

As financial planners, we need to build an inclusive environment where women have the confidence to use their voice in financial conversations, can discuss finances with people they relate to, and have their unique concerns addressed. Read on to learn their stories and get inspiration for your own. Sources: 1. Own your worth.

Financial Planning

Financial Planning Planning CFP Financial Planner

Pro Bono Financial Planning and Beyond: 7 Opportunities to Give Back

eMoney Advisor

JANUARY 12, 2023

We’ve gathered seven unique volunteer opportunities for financial professionals, including pro bono financial planning. A 2021 study measured the impact pro bono financial planning can have on cancer patients. Foundation for Financial Planning. Financial Planning Association chapters.

Financial Planning

Financial Planning Planning Financial Planner CFP

Adviser links: exciting plans

Abnormal Returns

SEPTEMBER 18, 2023

(smokestack.beehiiv.com) The first rule of financial advice is 'do no harm.' riaintel.com) Selling a service, like financial planning, is different than selling a product. financial-planning.com) A profile of Dan Otter, founder of education and advocacy site 403bwise. alphaarchitect.com)

Planning

Planning Financial Advice Wealth Management Math

#FA Success Ep 289: Coming Together As A Partnership To Serve Your Collective Community, With Kamila Elliott

Nerd's Eye View

JULY 12, 2022

Kamila is the CEO and Founder of Collective Wealth Partners, an independent RIA based in Atlanta, Georgia, that oversees nearly $25 million in assets under management for almost 175 client households.

Financial Advisor

Financial Advisor CFP Clients Financial Planning

#FA Success Ep 336: Showing Prospects An (Asset) Map To Generate More Advice Engagement, With H. Adam Holt

Nerd's Eye View

JUNE 6, 2023

Welcome back to the 336th episode of the Financial Advisor Success Podcast ! Adam is a principal with RubinGoldman and Associates, and the Founder and CEO of Asset-Map, a financial planning tool that helps financial advisors create a visual representation of their clients’ financial situation, reaching over 1.25

Assets

Assets Financial Advisor Financial Planning Insurance

How Getting Women Into Financial Planning Can Benefit Everyone

Walkner Condon Financial Advisors

JUNE 2, 2023

The importance of getting women into financial planning feels like it should go without saying. Unfortunately, we’re not quite there yet as a society, since as of 2022, the Bureau of Labor Statistics reports only a third of financial advisors are women. In 2022, nearly 42% of the externships participants were women.

Financial Planning

Financial Planning Planning CFP Financial Advisor

#FA Success Ep 355: Scaling Worksite Financial Planning As An Employee Benefit For The Average Worker, With Brad Arends

Nerd's Eye View

OCTOBER 17, 2023

What's unique about Brad, though, is how he built a multi-billion-dollar advisory firm not by moving 'upmarket' to gather multi-millionaire clients, but instead leveraged his 401(k) retirement plan advisory firm to begin offering comprehensive financial planning to the employees of large companies as an added employee benefit, and in the process scaled (..)

Financial Planning

Financial Planning Planning Wealth Management Retirement Planning

Weekend Reading For Financial Planners (November 2–3)

Nerd's Eye View

NOVEMBER 1, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that SIFMA, which represents broker-dealers, investment banks, and asset managers, released a white paper that argues that CFP Board "increasingly functions as a de facto private regulator for CFP certificants" and proposes that CFP (..)

Financial Planner

Financial Planner CFP Certification Retirement Planning

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

AUGUST 15, 2022

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. Read More.

Clients

Clients Financial Advice Financial Planning Planning

Financial Planning for the Latino Community

Tobias Financial

OCTOBER 12, 2023

Additionally, financial habits such as lower contributions to retirement plans and reliance on tangible assets pose unique challenges. Our Wealth Advisor Catalina Franco-Cicero , MS, CFP®, CTS was recently featured in Morningstar, sharing her thoughts on the unique challenges facing Hispanic households and how to help mitigate them.

Financial Planning

Financial Planning Planning Wealth Accumulation Strategic Planning

Announcing IAR CE From Kitces And The Mid-Year State Of The Blog

Nerd's Eye View

JULY 25, 2022

Yet despite this – and perhaps even because of it – advisory firms are putting an ever-greater focus on financial planning in 2022, as a way to both show value to clients in the midst of difficult market returns, and, more broadly, to help clients navigate the current environment. A gap our Kitces Courses aim to fill!

Education

Education Financial Planning Estate Planning CFP

CFP® Certification Course: From Novice to Expert in Holistic Financial Planning

International College of Financial Planning

APRIL 25, 2024

Achieving the status of Certified Financial Planner® (CFP®) represents a significant professional milestone in financial services. Recognized in over 27 countries globally, the CFP® designation is one of the most respected and widely acknowledged credentials in financial planning.

Certification

Certification CFP Certified Financial Planner Financial Planning

Weekend Reading For Financial Planners (October 28-29)

Nerd's Eye View

OCTOBER 27, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the shift in financial advice from pure investment management to comprehensive financial planning continues, with more individuals becoming CFP professionals than CFAs in the past few years as consumers increasing the diversity (..)

Financial Planner

Financial Planner Financial Advice Financial Advisor Tax Planning

Weekend Reading For Financial Planners (February 10-11)

Nerd's Eye View

FEBRUARY 9, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey sponsored by CFP Board demonstrates the upsides of a career in financial planning, from a median salary of nearly $200,000 to flexible work schedules and a strong sense of purpose among advisors.

Financial Planner

Financial Planner Fee Only CFP Commission

Weekend Reading For Financial Planners (October 26–27)

Nerd's Eye View

OCTOBER 25, 2024

Also in industry news this week: The SEC this week released its list of priorities for 2025 examinations, which include advisers' use of Artificial Intelligence tools, adviser recommendations of complex investment products, and broker-dealers' compliance with Regulation Best Interest CFP Board has introduced a refreshed ad campaign encouraging students (..)

Financial Planner

Financial Planner Financial Advisor Estate Planning Compliance

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

AUGUST 15, 2022

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. Read More.

Clients

Clients Financial Advice Financial Planning Planning

Weekend Reading For Financial Planners (April 15-16)

Nerd's Eye View

APRIL 14, 2023

The company said the bulk of the funds will go toward research and platform development as it attempts the challenging task of getting more mid-sized RIAs to move over to Altruist from their current custodian.

Financial Planner

Financial Planner Retirement Planning CFP Financial Planning

IAR CE: Continuing Education Requirements For Investment Adviser Representatives And How Different States Adopt NASAA’s Model Rule

Nerd's Eye View

JULY 19, 2023

CFP certificants and CFA charterholders) have CE requirements to retain their credentials, IARs without such credentials haven’t traditionally had any ongoing CE requirements. While holders of certain credentials (e.g.,

Education

Education Investing Investments CFP

Weekend Reading For Financial Planners (February 3-4)

Nerd's Eye View

FEBRUARY 2, 2024

Also in industry news this week: A recent study from advisor digital marketing firm Snappy Kraken suggests firms that invest in Search Engine Optimization (SEO), have a regular cadence of emails to their subscriber list, and include video content in these messages tend to get greater returns from their marketing efforts CFP Board has created a guide (..)

Financial Planner

Financial Planner Compliance CFP Clients

6 Black Financial Planning Experts You Should Be Following

eMoney Advisor

FEBRUARY 7, 2023

We also offer financial planning firms access to a more diverse talent pool. Like me, the remarkable professionals below are doing their part to change the financial planning landscape. Dr. Cherry is also the founder of Concurrent Financial Planning, where he helps clients pursue what he calls “life-money balance.”

Financial Planning

Financial Planning Planning Financial Planner CFP

Why Financial Planning is a Full-Contact Sport

Wealth Management

JULY 26, 2023

Dale Buckner, CFP, is not your average advisor.

Financial Planning

Financial Planning CFP Planning

50th Anniversary Of The CFP Marks: The Journey, Current State Of CFP Board, And Growing The Financial Planning Profession

CFP Board’s Fee Increase For Workforce Development: More Advisors Or Just More Sales Churn?

Webinars

Trending Sources

Title Protection For (CFP) Financial Planners And The FPA’s Two About-Faces

Webinars

How Marketing With The CFP Marks Reduces Client Acquisition Costs And Accelerates Revenue Growth

Best Practices For Running A Financial Planning Internship Program (And Creating A More Productive Outlook)

Why Service Advisors Who Obtain CFP Marks Are Making More Money For Themselves And Their Firms

CFP Board Splits To Better Tout Profession’s Benefits

Former TDAI Exec Kate Healy to Lead CFP Board Center for Financial Planning

Adviser links: choosing to work

What (Really) Makes Advisors More Productive And The Third Kitces Research Study On Advisor Productivity

Adviser links: staffing a growing firm

Weekend Reading For Financial Planners (Dec 17-18)

#FA Success Ep 353: Driving Growth By Setting A Clear Vision Of What You Do Best In Your Business(es), With Brett Danko

RWM is Coming to Naples, Florida!

Weekend Reading For Financial Planners (October 12–13)

#FA Success Ep 314: Focusing On The Planning Work You Enjoy By Providing Outsourced Virtual CFP Services, With Sue Chesney

CFP Misconduct Research (And The Challenge Of Counting How Many Financial Advisors There Really Are)

CFP Misconduct Research And The Challenge Of Counting How Many Financial Advisors There Really Are

Adviser links: managing behavior

Kitces & Carl Ep 135: Do Experienced Financial Planners Have A Professional Obligation To Create Job Opportunities For The Next Generation?

Blake Pinyan on Personal Drive, Technology and the Future of Financial Planning

Adviser links: motivational interviewing

Amplifying 8 Asian-American Voices in Financial Planning

4 Women Empowering Women in Financial Planning

Pro Bono Financial Planning and Beyond: 7 Opportunities to Give Back

Adviser links: exciting plans

#FA Success Ep 289: Coming Together As A Partnership To Serve Your Collective Community, With Kamila Elliott

#FA Success Ep 336: Showing Prospects An (Asset) Map To Generate More Advice Engagement, With H. Adam Holt

How Getting Women Into Financial Planning Can Benefit Everyone

#FA Success Ep 355: Scaling Worksite Financial Planning As An Employee Benefit For The Average Worker, With Brad Arends

Weekend Reading For Financial Planners (November 2–3)

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Financial Planning for the Latino Community

Announcing IAR CE From Kitces And The Mid-Year State Of The Blog

CFP® Certification Course: From Novice to Expert in Holistic Financial Planning

Weekend Reading For Financial Planners (October 28-29)

Weekend Reading For Financial Planners (February 10-11)

Weekend Reading For Financial Planners (October 26–27)

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Weekend Reading For Financial Planners (April 15-16)

IAR CE: Continuing Education Requirements For Investment Adviser Representatives And How Different States Adopt NASAA’s Model Rule

Weekend Reading For Financial Planners (February 3-4)

6 Black Financial Planning Experts You Should Be Following

Why Financial Planning is a Full-Contact Sport

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