FPSB's Financial Planner Assessment Framework Components

1. Portfolio

• Candidate demonstrates relevant work experience.

2. Financial Plan

• Candidate independently develops a financial plan, demonstrating mastery of:

a. The Fundamental Financial Planning Practices (demonstration of Collection may be assessed elsewhere) described in FPSB’s Financial Planner Competency Profile;

b. A minimum of four of the six Financial Planning Components described in FPSB’s Financial Planner Competency Profile; and

c. Appropriate Financial Planner Professional Skills described in FPSB’s Financial Planner Competency Profile.

• Certifying body has defensible written protocols for evaluating candidate’s financial plan and demonstrates reliability in assessing the financial plan.

3. First-Party Attestation

• Candidate accepts and agrees to abide by the certifying body's Rules of Professional Conduct and Code of Ethics during initial certification and renewal of certification.

• Candidate confirms that he or she is not under criminal investigation.

• Candidate confirms that he or she meets conduct and fitness standards.

4. Verification

• Certification body verifies the candidate’s identity and endeavors to verify the information provided by the candidate during first-party attestation.

• Certification body verifies the candidate’s work experience and education.

5. Examination

• Candidate passes a single or multiple certification examination(s) based on FPSB’s Financial Planner Competency Profile that:

a. Is reliable and valid;

b. Is independent of examinations provided as part of an education program;

c. Permits a pass/fail decision, based on consistent and defensible examination processes; and

d. Tests the knowledge and abilities of candidates, covering the Fundamental Financial Planning Practices and Financial Planning Components described in FPSB’s Financial Planner Competency Profile.