- Credits: 2
- Format: Self-Study eBook
- Field of Study: CFP Ethics
- Author/Speaker: CFP Board
| Course ID: | Advanced Preparation: | Experience Level: |
|---|---|---|
| CFP-251504 | None | Intermediate |
| Published Date: | Program Prerequisites: | Other Course Formats: |
| © July 2021 | Understanding of Ethics | eBook | Self-Study |
*** Special Note: This program fulfills the requirement for CFP Board-approved Ethics CE. ***
COURSE DESCRIPTION
This program is designed to educate CFP® professionals on the CFP Board's new Code of Ethics and Standards of Conduct, which is effective January 1, 2021.
Topics include:
This program aims to position the application of the CFP Board's Code of Ethics and Standards of Conduct as the foundation for ethical financial planning.
Learning Objectives:
Success starts by first understanding the learning objectives and intended outcomes for the program.
After reading the course material, you will be able to:
- LO 1: Identify the structure and content of the revised Code and Standards, including significant changes and how the changes affect CFP® professionals.
- Outcomes: Develop Knowledge Base
- Competency 1: Understand the significant changes to the Standards
- Competency 2: Explain how the significant changes to Standards affect CFP® professionals
- LO 2: Act in accordance with CFP Board's fiduciary duty.
- Outcomes: Enforce Comprehension and Demonstrate Application
- Competency 1: Understand what constitutes Financial Advice
- Competency 2: Understand the duties that constitute the fiduciary obligation
- Competency 3: Apply CFP Board's fiduciary duty to various situations
- LO 3: Apply the Practice Standards when providing Financial Planning.
- Outcomes: Develop Knowledge Base and Demonstrate Application
- Competency 1: Understand the steps of the financial planning process
- Competency 2: Recognize when the Practice Standards apply
- Competency 3: Apply the steps of the Financial Planning process to various situations
- LO 4: Provide the Client with all the required information.
- Outcomes: Enforce Comprehension and Demonstrate Application
- Competency 1: Understand when disclosures are required
- Competency 2: Understand what information must be disclosed
- Competency 3: Describe the timing and format of disclosure delivery
- LO 5: Recognize and avoid, or fully disclose and manage, Material Conflicts of Interest.
- Outcomes: Enforce Comprehension and Demonstrate Application
- Competency 1: Identify conflicts of interest
- Competency 2: Demonstrate how conflicts of interest can be avoided
- Competency 3: Demonstrate how conflicts of interest can be disclosed and properly managed
Who Should Attend:
- All Certified Financial Planners (CFPs)
