The federal government isn’t the only thing that got slowed down by the record-breaking snowfalls that hit Washington, D.C. in January and February. Virtually every office located in the nation’s capital was affected including the Certified Financial Planner Board of Standards and its ability to process certificants’ continuing education credits in a timely fashion. That in turn has caused some considerable distress to a number of advisors who take the monthly CE test at InvestmentAdvisor.com.
“Our office follows the federal government schedule so when there were a couple of blizzards our office was literally closed for about an entire week,” explained Christy Callaway, senior continuing education administrator for the CFP Board, about the delays in processing CE credits in recent weeks.
According to Callaway, her office receives between 50 and 100 reports from continuing education sponsors such as Investment Advisor, every day. Using the January 2010 figures as a reference she estimates that continuing education credits are processed for more than 40,000 certificants each month.
The Board attempts to process and award the continuing education credits within three business days, but Callaway acknowledges that on occasion that just isn’t possible. “If we’re ever in a situation where we’re running late on reporting, the certificant won’t be disadvantaged because of that,” she says. The date that counts is when the certificant took the test for the credits, not when the credits were processed by the CFP Board.
Callaway indicated that she and her team have been working diligently to eliminate any backlog. The most recent report sent to the Board by Investment Advisor on behalf of its readers was processed in three business days, which would seem to indicate that barring a late season blizzard, things are back to normal.