FPSB's Financial Planner Competency Profile

Download a PDF of FPSB's Financial Planner Competency Profile.

FPSB’s Financial Planner Competency Profile reflects what a financial planning professional does today as well as expectations for the financial planning profession over the next five years. The Competency Profile describes the full range of abilities, skills and knowledge needed to competently deliver financial planning to clients. Financial planning professionals who have chosen to specialize or limit the scope of their practice (e.g., in one or two financial planning components such as estate planning or tax planning) consider the entire set of financial planner abilities to identify which abilities to employ during a client engagement.

To demonstrate competency as a professional capable of using the six-step financial planning process when advising clients, a CERTIFIED FINANCIAL PLANNER professional must:

• meet FPSB's requirements to competently provide a client with financial planning recommendations as a result of using the financial planning process;

• possess general characteristics innate to all professionals practicing a particular discipline, along with specific characteristics required for the competent practice of financial planning;

• complete appropriate education requirements in FPSB's body of knowledge for financial planning;

• complete appropriate examination requirements in FPSB's body of knowledge for financial planning;

• complete appropriate work experience requirements in the financial planning process; and

• complete appropriate continuing professional development requirements periodically to maintain competency.

• Financial Planner Abilities;

• Financial Planner Professional Skills; and

• Financial Planning Body of Knowledge