CFP Board Sets Public Forums on New Ethics Standards
“We want all CFP professionals to have an accurate and practical understanding of the new standards,” CEO Keller said.
The Certified Financial Planner Board of Standards said Tuesday that it would hold public forums across the country in 2018 and 2019 to educate the public and provide guidance to CFPs and firms on the board’s new Code of Ethics and Standards of Conduct, which take effect on Oct. 1, 2019.
CFP Board staff along with members of the recently announced Standards Resources Commission — which includes Blaine Aikin, executive chairman of fi360 and CEFEX, and Pat Daxon, vice president of Wealth, Retirement & Portfolio Solutions at Raymond James — give presentations and gather feedback on the kinds of resources that CFPs and firms could use in furthering their understanding, adoption and compliance with the new standards, which were approved in March.
“We want all CFP professionals to have an accurate and practical understanding of the new standards by the time they become effective,” said CFP Board CEO Kevin Keller in a statement. “These public forums provide an opportunity to not just educate our stakeholders and the public, but also for us to learn what information they need to ensure they understand the standards.”
The Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA) will be working with CFP Board to promote the forums, which are free and open to the public.
Attendees can register here.
Following are dates and locations for the 2018 forums:
- Sept, 25 evening – Philadelphia
- Sept. 26 morning – Baltimore
- Sept. 26 evening – New York
- Sept. 27 morning – Boston
- Dec. 5 evening – Miami
- Dec. 6 morning – Orlando
- Dec. 6 evening – Charlotte
- Dec. 7 morning – Atlanta
The general schedule for the 2019 forums is:
- March: San Antonio, Houston, Dallas and Kansas City
- June: San Francisco, Los Angeles, San Diego and Phoenix
- September: Chicago, Detroit, Minneapolis and Pittsburgh
- December: Denver, Seattle and Portland
The CFP Board Center for Financial Planning also announced Tuesday that Merrill Lynch will be a signature sponsor for its inaugural day-long Diversity Summit, to be held in New York City on Oct. 23.
The Summit will feature keynote speakers, panel discussions and breakouts discussing how financial planning can attract and retain ethnically and racially diverse workforce talent.
The Center for Financial Planning also plans to release a “thought leadership paper” at the Summit that will provide steps individuals and firms of all sizes can take to address the need to diversify its workforce.