FPSB’S FINANCIAL PLANNER ASSESSMENT FRAMEWORK

Download a PDF of FPSB’s Financial Planner Assessment Framework.

The intent of any professional certification program is to inform the public that an individual who has achieved certification has demonstrated an adequate degree of abilities, skills and knowledge to practice a function or discipline.

To be able to competently practice financial planning, a financial planning professional should demonstrate that his or her performance meets standards for competence and practice in the profession. Furthermore, as part of his or her professional commitment, a financial planning professional should agree to be bound by ethical standards when delivering financial planning to clients.

To assess an individual’s readiness to competently and ethically practice financial planning, FPSB developed a competency and performance-based assessment approach that integrates theory and practice to assess a financial planning professional’s:

• abilities, skills and knowledge to practice financial planning and deliver viable financial plans to clients, based on standards defined by FPSB’s Financial Planner Competency Profile and Financial Planning Practice Standards; and

• initial and ongoing commitment to ethical principles and standards of professional conduct, as defined by FPSB’s Code of Ethics and Professional Responsibility.

By integrating competency-based curricula, practice experience, ethical and conduct standards and certification examination(s) into a holistic assessment framework, FPSB and its members  can access how a financial planning professional applies his or her abilities, skills and knowledge to real world financial planning situations.

Click here to view the five components of FPSB's Financial Planner Assessment Framework.