FPSB’s Professional Practice Standards

Download a PDF of FPSB's Financial Planning Practice Standards.

In addition to ethical principles that CERTIFIED FINANCIAL PLANNER professionals are required to meet, FPSB has defined standards of performance required of a CFP professional when providing financial planning. Created to benefit the consumers of financial planning services, FPSB’s Financial Planning Practice Standards:

• establish the level of practice expected of a CERTIFIED FINANCIAL PLANNER professional engaged in the delivery of the financial planning process to a client;

• establish norms of professional practice and allow for consistent delivery of financial planning by financial planning professionals;

• clarify the respective roles and responsibilities of CERTIFIED FINANCIAL PLANNER professionals and their clients in financial planning engagements; and

• enhance the value of the financial planning process.

In some territories, FPSB’s Professional Practice Standards have been embedded within financial regulations. In these instances, CERTIFIED FINANCIAL PLANNER professionals must meet regulatory obligations in addition to FPSB’s standards.