Attention CFP® Certificants
You’ve earned your CFP certification. Great! But perhaps something’s missing.
Maybe you’re finding it difficult to keep up on the latest trends and techniques in your profession. Perhaps you struggle to find worthwhile CE credits to maintain your certification. You’d like to connect more with colleagues—financial planners struggling with the same career development and practice management issues you are. Or veteran planners who can answer your questions. Maybe you’re an experienced planner, eager to be a mentor, make your voice heard by legislators, or step into a leadership role.
This month, we’re doing some test marketing to CFP professionals who still haven’t joined FPA. In many countries, the body that administers the CFP marks is also the membership organization that provides conferences, webinars, a professional journal, research, networking opportunities, discounted services, and other benefits. But in the United States, CFP Board administers certification. If you’re not part of FPA, you’re missing out on much of your professional life.
Consider the value of just one FPA benefit: the Journal of Financial Planning. The Journal is a place where ideas are born, sometimes screaming and kicking, but always with loving care. Many ideas are still warm from the incubator—still being shaped by ongoing research and vigorous debate. You can be part of that.
From the idea of applying Monte Carlo simulations to financial planning, to Bill Bengen’s 4 percent rule—and its recent challenges—to the life planning movement, no other publication has had such an influence on the way financial planning is practiced.
Many articles directly affect CFP practitioners. In “Applying the Fiduciary Standard to a Financial Planning Practice,” published in August 2012, authors Chris Beard and Edward Mora—both CFP professionals—detailed how a fiduciary standard applies to key components of the financial planning process.
And in July 2012, researchers Michael Finke and Thomas Langdon dispelled the widely publicized claim that strict fiduciary standards for registered representatives inhibit broker-dealers’ ability to recommend commission investments and serve middle-market clients. Finke and Langdon compared practices in states with strict fiduciary standards to those in non-fiduciary states, finding no statistical differences regarding advisers’ ability to serve a broad range of clients with a broad range of products—commission and otherwise. One reporter called it “the paper heard ’round the industry.”
In February 2013, Russell N. James III revealed how functional magnetic resonance imaging had demonstrated that the CFP marks inspire confidence in clients, even during market underperformance.
But unless you’re an FPA member and regularly receive the Journal, you probably missed these and other milestones (as well as related CE opportunities). FPA feels passionately about the CFP certification. We believe in one profession, one designation, one association. If you’re a CFP professional who belongs to FPA, you already know the value of receiving the Journal and dozens of other FPA benefits. Not a member? Then your brief, trial subscription will soon expire. Join the many thousands of CFP professionals who have found a home at FPA. Visit www.FPAnet.org today.