Ethics for the CFP Professional

  • Credits: 2
  • Format: Self-Study eBook
  • Field of Study: CFP Ethics
  • Author/Speaker: CFP Board
Course ID: Advanced Preparation: Experience Level:
CFP-251504 None Intermediate
Published Date: Program Prerequisites: Other Course Formats:
© July 2021 Understanding of Ethics eBook | Self-Study

*** Special Note: This program fulfills the requirement for CFP Board-approved Ethics CE. ***

COURSE DESCRIPTION

This program is designed to educate CFP® professionals on the CFP Board's new Code of Ethics and Standards of Conduct, which is effective January 1, 2021.

Topics include:

This program aims to position the application of the CFP Board's Code of Ethics and Standards of Conduct as the foundation for ethical financial planning.

Learning Objectives:
Success starts by first understanding the learning objectives and intended outcomes for the program.

After reading the course material, you will be able to:

  • LO 1: Identify the structure and content of the revised Code and Standards, including significant changes and how the changes affect CFP® professionals.
    • Outcomes: Develop Knowledge Base
      • Competency 1: Understand the significant changes to the Standards
      • Competency 2: Explain how the significant changes to Standards affect CFP® professionals
  • LO 2: Act in accordance with CFP Board's fiduciary duty.
    • Outcomes: Enforce Comprehension and Demonstrate Application
      • Competency 1: Understand what constitutes Financial Advice
      • Competency 2: Understand the duties that constitute the fiduciary obligation
      • Competency 3: Apply CFP Board's fiduciary duty to various situations
  • LO 3: Apply the Practice Standards when providing Financial Planning.
    • Outcomes: Develop Knowledge Base and Demonstrate Application
      • Competency 1: Understand the steps of the financial planning process
      • Competency 2: Recognize when the Practice Standards apply
      • Competency 3: Apply the steps of the Financial Planning process to various situations
  • LO 4: Provide the Client with all the required information.
    • Outcomes: Enforce Comprehension and Demonstrate Application
      • Competency 1: Understand when disclosures are required
      • Competency 2: Understand what information must be disclosed
      • Competency 3: Describe the timing and format of disclosure delivery
  • LO 5: Recognize and avoid, or fully disclose and manage, Material Conflicts of Interest.
    • Outcomes: Enforce Comprehension and Demonstrate Application
      • Competency 1: Identify conflicts of interest
      • Competency 2: Demonstrate how conflicts of interest can be avoided
      • Competency 3: Demonstrate how conflicts of interest can be disclosed and properly managed

Who Should Attend:
  • All Certified Financial Planners (CFPs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA
CFP