The directors of the Certified Financial Planner Board of Standards have elected Richard Rojeck, CFP, to serve as the its 2014 Chair-elect, becoming chair of the CFP Board in 2015.
“Rojeck will lead the board in upholding the organization’s mission to serve the public by granting and upholding the standard of excellence for financial planning and fulfill its vision that the public benefits from financial planning delivered by professionals who adhere to a fiduciary standard,” according to the Board.
“Financial planning is a growing and thriving profession,” Rojeck said in a statement announcing his election. “The CFP certification serves as the cornerstone for the profession. The public will ultimately be best served by an established financial planning profession with the competence, ethics and fiduciary standards embodied in the CFP marks.”
The organization experienced controversy recently when it announced at the FPA Retreat 2013 in Palm Springs, Calif., in May that it was considering a plan to enter the continuing education provider market, over the strong objections of those in attendance. The board is continuing to explore the idea.
The announcement also follows questions raised after a sudden resignation last fall of Alan Goldfarb, the former chairman of the Board of Directors of the CFP Board, who was found to have violated the CFP Board’s Rules of Conduct.
“The CFP Board said he failed to properly disclose his compensation, after he claimed on FPA’s PlannerSearch that he was ‘fee-only’ and later ‘salaried’ when in reality a ‘related party’ was eligible to receive commissions from Goldfarb’s clients,” ThinkAdvisor contributor Michael Kitces recently wrote. “As a result, the CFP Board’s Ad Hoc Disciplinary and Ethics Commission that investigated the matter has issued a public Letter of Admonition for Goldfarb’s conduct.”