Comments on: How to Choose a Financial Planner – Day 1 – Certified Financial Planner http://wealthpilgrim.com/secrets-financial-advisors-never-tell-the-series-day-1-certified-financial-planner/ WealthPilgrim.com -No Money Worries. No Matter What. Wed, 23 May 2012 12:06:25 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Neal http://wealthpilgrim.com/secrets-financial-advisors-never-tell-the-series-day-1-certified-financial-planner/#comment-1697 Neal Fri, 21 Aug 2009 15:31:15 +0000 http://1059183782#comment-1697 No worries. No offense whatsoever. You made a good point and you helped clarify and you did it very nicely. I appreciate it. No worries. No offense whatsoever. You made a good point and you helped clarify and you did it very nicely. I appreciate it.

]]> By: Dylan http://wealthpilgrim.com/secrets-financial-advisors-never-tell-the-series-day-1-certified-financial-planner/#comment-1695 Dylan Fri, 21 Aug 2009 15:23:07 +0000 http://1059183782#comment-1695 I think you did a fine on making the pointing out that certification will not get an adviser clients or be ticket to an automatic successful business. I have a (bad) habit of blog commenting disproportionally in disagreement that agreement. I think you did a fine on making the pointing out that certification will not get an adviser clients or be ticket to an automatic successful business.

I have a (bad) habit of blog commenting disproportionally in disagreement that agreement.

]]> By: Neal http://wealthpilgrim.com/secrets-financial-advisors-never-tell-the-series-day-1-certified-financial-planner/#comment-1693 Neal Fri, 21 Aug 2009 15:17:30 +0000 http://1059183782#comment-1693 I don't disagree. I was trying to make the point that the CFP certification will not, in and of itself, get an adviser clients. I simply wanted to point out to the person who asked the question that the certification is not a ticket to an automatic successful business. I don’t disagree. I was trying to make the point that the CFP certification will not, in and of itself, get an adviser clients. I simply wanted to point out to the person who asked the question that the certification is not a ticket to an automatic successful business.

]]> By: Neal http://wealthpilgrim.com/secrets-financial-advisors-never-tell-the-series-day-1-certified-financial-planner/#comment-1691 Neal Fri, 21 Aug 2009 15:14:40 +0000 http://1059183782#comment-1691 Fantastic clarification. Helpful. Thanks. Fantastic clarification. Helpful. Thanks.

]]> By: Dylan http://wealthpilgrim.com/secrets-financial-advisors-never-tell-the-series-day-1-certified-financial-planner/#comment-1688 Dylan Fri, 21 Aug 2009 14:30:24 +0000 http://1059183782#comment-1688 You point out that "CFP®" is not a license, but it's not really a designation either. This is one of the points that sets the CFP® certification apart. From the CFP Board's publication on marks use: <i>The CFP® marks are not the equivalent of an educational degree, a professional designation, or a title.</i> And <i>"Designation" refers to a degree or title awarded to individuals who pass certain education and examination requirements of entities such as universities and associations, thereby attaining a degree. "Certification" refers to the approval by a certifying entity of certain qualities for specified goods or services offered by individuals or organizations. The requirements for a certification of services, such as financial planning, typically include rigorous education and examination programs.</i> This is important because, unlike the vast majority of professional designation granting organizations, the CFP Board is not a membership organization or school. The CFP Board's stakeholders are the public consumers of financial planning as much as it is the CFP® certificants. Professional membership organizations and educational institutions generally have a primary obligation to their members, students, and alumni. This interferes with objectivity when it comes to standard setting, regulation, and enforcement. The CFP Board exists for the actual purpose of standard setting, regulation, and enforcement; their primary obligation is to preserve the credibility CFP® marks. You point out that “CFP®” is not a license, but it’s not really a designation either. This is one of the points that sets the CFP® certification apart. From the CFP Board’s publication on marks use:

The CFP® marks are not the equivalent of an educational degree, a professional designation, or a title.

And

“Designation” refers to a degree or title awarded to individuals who pass certain education and examination requirements of entities such as universities and associations, thereby attaining a degree. “Certification” refers to the approval by a certifying entity of certain qualities for specified goods or services offered by individuals or organizations. The requirements for a certification of services, such as financial planning, typically include rigorous education and examination programs.

This is important because, unlike the vast majority of professional designation granting organizations, the CFP Board is not a membership organization or school. The CFP Board’s stakeholders are the public consumers of financial planning as much as it is the CFP® certificants. Professional membership organizations and educational institutions generally have a primary obligation to their members, students, and alumni. This interferes with objectivity when it comes to standard setting, regulation, and enforcement. The CFP Board exists for the actual purpose of standard setting, regulation, and enforcement; their primary obligation is to preserve the credibility CFP® marks.

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