CFP Board Statement on Treasury Blueprint for a Modernized Financial Regulatory Structure.WASHINGTON -- 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. Chair David G. Strege CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). ([R]) issued the following statement on release of the Treasury Department's Blueprint for a Modernized Financial Regulatory Structure: "CFP Board commends the Treasury Department for its thoughtful review of our current financial regulatory structure. While most observers agree that a review of market practices is long overdue, this bold and sweeping initiative includes elements that will generate considerable debate in the coming months. Because an effective regulatory structure is vital to both the health of the 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. industry and to the protection of millions of American investors and savers, this blueprint requires a thoughtful examination by all sectors of the financial services industry. "CFP Board, for its part, will assess the potential impact of these proposed changes on the protections provided to the public who seek the advice and counsel of CERTIFIED FINANCIAL PLANNER[TM] professionals. "CFP Board believes that the 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 profession should be held to higher standards for the benefit of the public. To that end, CFP Board has revised its Standards of Professional Conduct, effective July 1, 2008, to reflect the higher fiduciary duty Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary legal duty - acts which the law requires be done or forborne of care. We also utilize a rigorous enforcement process that reflects the best practices of professional organizations. "We look forward to taking an active role in that dialogue." The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP([R]) certification and upholding it as the recognized standard of excellence for personal financial planning. CFP Board owns the certification marks A certification mark on a commercial product indicates five things:
CFP([R]) - The Recognized Standard of Excellence in Personal Financial Planning |
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