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Financial Planning > Behavioral Finance

Clear Goals

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Here are the goals and objectives for future regulation that the Task Force believes FPA should rely on in crafting meaningful standards for a profession:

o Clear identification by the public of a licensed financial planner.

o Uniform competency and ethical standards for regulating the financial planning process.

o Exemption from duplicative regulation where licensed financial planners meet or exceed existing regulatory standards.

o Fiduciary standard in law for financial planners.

o Peer review process for financial planners.

o Statutory authority to censure, discipline, or otherwise bar individuals from holding out as financial planners or practicing financial planning.

o A governance framework that includes professional representation.

o Said regulatory board is ultimately accountable to a public agency and/or legislative entity.


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