For Release: June 30, 2008 

WASHINGTON, D.C….June 30, 2008… The Financial Planning Association® (FPA®) has formed a special panel whose goal will be to identify the best practices for the financial planning profession under the new CFP® fiduciary standard.

"Given the uncertainties in the broader financial services industry over liability as fiduciaries, we believe a set of best practices will serve both consumers and professionals by establishing clear markers for defining appropriate conduct," said Mark Johannessen, FPA President. "As the largest association representing the financial planning profession, we frankly can't see any other organization better suited to give this type of vital guidance."

The new FPA task force will be comprised of members who cover the entire range of the profession, from large financial planning firms to independent fee-only planners to broker-dealers and compliance professionals.  The volunteers also include representatives from various FPA leadership committees and the Board of Directors, as well as representatives of the CFP Board of Standards and Fi360, a fiduciary accrediting association.   

On July 1, the Board of Certified Financial Planners® (CFP®) revised standards of professional conduct will go into effect, though the CFP board says it will not begin enforcement of the standards until January 1, 2009. 

"The CFP Board's standards basically say what needs to happen, but we want to give some guidance as to how to make it happen in the work-a-day world and in the best way possible," said Johannessen.

The Best Practices Task Force is listed below.
 

2008 FPA Best Practices Task Force On CFP® Board Standards of Conduct

CHAIR: Rick Adkins, CFP®, CLU, ChFC
The Arkansas Financial Group, Inc.
Little Rock, AR

Jim Agostini, CFP®
First Command
Columbia, SC

Blaine Aikin, AIFA®, CFA, CFP®
FI360
Sewickley, PA

Gary Altman, J.D., CFP®
Altman & Associates
Rockville, MD

Eleanor Blayney, CFP®
Directions, LLC
McLean, VA

Bob Brown, CFP®
Brown & Saraci
Irvine, CA

Bill Butler, CFP®
Ardmore Consultants, LLC
Zionsville, IN

Peggy Cabaniss, CFP®
HC Financial Advisors, Inc.
Lafayette, CA
 
Dan Candura, CFP®
The Candura Group/PennyTree Advisers, LLC
Braintree, MA

Samuel Gallucci
Morgan Stanley
Jersey City, NJ

Stephen D. Johnson, CFP®
Johnson Marotta
Palo Alto, CA
 
Michael Kickham, CFP®
Porter Kickham Inc.
Chesterfield, MO
 
Jeffrey R. Lauterbach, J.D.
Chadds Ford, PA

John C. Martin, CFP®, CLU®
Ameriprise Financial Services, Inc.
Auburn, MA

Rick Mayo, CFP®
Raymond James Financial Services, Inc.
Virginia Beach, VA
 
Knut Rostad, MBA, AIF
Rembert Pendleton Jackson
Falls Church, VA

Kenneth Ziesenheim, CFP®, J.D., LL.M., AIFA®
Raymond James Financial Services
Sebring, FL

FPA Staff Liaison: Duane Thompson
Managing Director
FPA's Washington, DC Office

FPA Staff Liaison: Dan Barry, J.D.
FPA's Director of Government Relations
Washington, DC
 

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