CFP Board Practice Standards and Ethics

Updated for CFP Board’s 2016 Ethics Study Requirement

This intermediate-level course was designed to meet CFP Board’s 2-hour ethics study requirement for CFP® certificants. Upon completion, students will be able to:
  • define and discuss a financial planning engagement, material elements of financial planning, and the financial planning process 
  • analyze specific fact patterns to determine if a financial planning relationship exists
  • differentiate between the standards of care set forth in Rules 1.4 and 4.5 of the Rules of Conduct and apply each standard of care to specific factual situations 
  • identify information that must be disclosed to a client in writing when a CFP® professional is engaged in a financial planning relationship or providing material elements of financial planning 
  • define the information that must be disclosed to clients and prospective clients, when that information must be disclosed and apply each disclosure requirement to a specific factual situation  
  • apply each practice standard set forth in the “Financial Planning Practice Standards” to a hypothetical financial planning engagement