CFP Board Sponsors Recently Presented Paper.DENVER -- Certified Financial Planner Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. Board of Standards, Inc. has announced that a paper it sponsored was presented at the October 12-13, 2005, conference of the Academy of Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in Chicago, Ill. "Determinants of the Wife Being the Financially Knowledgeable Spouse," which was funded by a CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). Board grant, investigates differences in married-couple households in which the wife, rather than the husband, is the more financially knowledgeable spouse. The findings have implications for financial planners in their consultations with husband-wife households, and educators in their development of effective financial management programs. The research found that more than 47% of the couples reported that the wife was the financially more knowledgeable. The sample included more than 10,000 married-couple households who were part of the Federal Reserve Board's Survey of Consumer Finances The Survey of Consumer Finances (SCF) is a triennial survey of the balance sheet, pension, income, and other demographic characteristics of U.S. families. The survey also gathers information on the use of financial institutions. The study is sponsored by the U.S. , conducted in the years 1992 to 2001. Obtaining accurate information from clients is important for financial planners. The authors conclude that financial planners should consider asking married couples which spouse is more knowledgeable about finances, and should be aware that if the wife has more education than the husband, it is more likely that she is the more knowledgeable spouse. They also found that the proportion of couples with the wife more knowledgeable was about the same in 2001 as in 1992. Suzanne Lindamood and Sherman D. Hanna authored the paper. Lindamood is an attorney in Columbus, Ohio, and was previously an associate professor at Kansas State University Kansas State University, main campus at Manhattan; coeducational; land-grant and state supported; chartered and opened 1863. There is an additional campus at Salina. Among the university's research facilities are the J. R. . Hanna is a professor in the Consumer Sciences Department at Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. , also in Columbus. The authors plan to revise the paper and submit it to a journal for publication. The mission of CFP Board, a nonprofit regulatory organization, is to foster professional standards in personal financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against so that the public values, has access to and benefits from competent financial planning. CFP Board owns the certification marks CFP(R), CERTIFIED FINANCIAL PLANNER(TM) and federally registered CFP (with flame logo) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. For more information about CFP Board, visit www.CFP.net. |
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