Welcome! If you are already an FPA Member, please go directly to the Compliance section of our Web site, where you will have access to all of the Best Practice Templates.

If you are not an FPA member we invite you to sample the value that FPA membership provides by receiving three Best Practice Templates (Descriptions & Reference #) — our gift to you! Simply fill out the form below and indicate in the boxes provided which of the Best Practice Templates (Descriptions & Reference #) you would like to receive via e-mail. If you would like to receive them all, Join or Renew Now.

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Please choose your first template. Select… FP2009 NFP2009 WMR2009 WMI2009 LTC2009 VA2009 LI2009 ML2009 STC2009

Please choose your second template. Select… FP2009 NFP2009 WMR2009 WMI2009 LTC2009 VA2009 LI2009 ML2009 STC2009

Please choose your third template. Select… FP2009 NFP2009 WMR2009 WMI2009 LTC2009 VA2009 LI2009 ML2009 STC2009

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Templates 

These templates are designed to help a CFP^® certificant walk through a step-by-step process to determine compliance with the new CFP Board Standards of Professional Conduct:

(FP2009)

Financial Planning Services Checklist: Determines compliance with the Standards of Professional Conduct, including disclosure, in an initial financial planning engagement.

(NFP2009)

Non-financial Planning Professional Services and Disclosures: Satisfies the disclosure requirements under the Standards of Professional Conduct in providing non-financial planning services.

(WMR2009)

Wealth Management Engagement (CFP Certificant Is Relationship Manager and Provides Asset Management Services as part of Financial Plan): Determines 1) if the certificants services are financial planning (or services employing material elements of the financial planning process); and 2) if not, what needs to be done to meet the disclosure and other requirements of the Standards of Professional Conduct. This scenario assumes the certificant also serves as the relationship manager for the client (and will be referred to as the relationship manager).

(WMI2009)

Wealth Management Engagement (CFP Certificant Provides Investment Advice as Part of Wealth Management/Financial Planning Engagement): Determines 1) if the certificants services as part of a wealth management team rise to the level of financial planning (including services employing material elements of the financial planning process); and 2) what needs to be done to meet the disclosure and other requirements of the Standards of Professional Conduct.

Transactions: Determines if the transaction rises to the level of providing material elements of financial planning and demonstrates how to satisfy disclosure and other requirements of the Standards of Professional Conduct.

(LTC2009)

Long-term Care Insurance Transaction

(VA2009)

Variable Annuity Transaction

(LI2009)

Life Insurance Transaction

(ML2009)

Mortgage Loan Transaction

(STC2009)

Single Transaction Checklist

These Best Practices are the work of an FPA task force and were prepared in order to provide guidance to FPA members in complying with the Certified Financial Planner Board's Rules of Conduct, which will be enforced effective January 1, 2009. In the event of a conflict between these Best Practices and the Rules of Conduct, the Rules of Conduct control.

These Best Practices are not regulations. They constitute the opinion of a task force of FPA members as to appropriate conduct under the Rules of Conduct. In appropriate circumstances, an FPA member may deviate from the Best Practices without engaging in inappropriate conduct. FPA also has prepared a model disclosure form that may be used by members. The model disclosure form is designed to be consistent with these Best Practices. Questions regarding whether certain conduct is consistent with the Rules of Conduct should be directed to a compliance professional, attorney or CFP Board of Standards, Inc.