CFP Board's Practice Standards are intended to:1. Assure that the practice of financial planning by CFP® professionals are based on established norms of practice.2. Enhance the value of the financial planning process.3. Advance professionalism and financial planning.4. All the above

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05-12-2022
Business

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CFP Board's Practice Standards are intended to:1. Assure that the practice of financial planning by CFP® professionals are based on established norms of practice.2. Enhance the value of the financial planning process.3. Advance professionalism and financial planning.4. All the above

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Parrain Parrain · Answer 1 · 2022-12-12T12:03:31-05:00

The CFP Board's Practice Standards have the intent to assure that practices are based on established norms among others so 4. All the above.

What is the purpose of CFP Board's Practice Standards ?

To be certified, or formally acknowledged by the board as qualified to provide financial advise, all certified financial planners must abide by the professional standards or guidelines that they impose. Six professional criteria that the Board mandates all qualified financial advisors adhere to will be covered.

The Code and Standards of the CFP Board advance financial planning as a distinct and valued profession while also benefiting and safeguarding the general public. The integrity of the CFP marks depends on the CFP certification requirement of adherence to the Code and Standards. If the Code and Standards are broken, a CFP practitioner may face sanctions.

They are therefore meant to enhance the financial planning process and its value, as well as to advance the professionalism by which financial planning is carried out.

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What is the purpose of CFP Board's Practice Standards ?

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