Financial Planning Standards Board Names Australian CFP Professional As Regulations Advisory Panel Chairperson
DENVER, CO – 30 JUNE 2020 – Financial Planning Standards Board Ltd. (FPSB), the standards-setting body for the global financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, today announced that it has named Marisa Broome, CFP, to serve as chairperson of the FPSB Regulations Advisory Panel (RAP) effective immediately. Broome is the chairperson of the Board of Directors for Financial Planning Association (FPA) of Australia, FPSB’s Australian Affiliate, and has been involved since FPA’s inception in the areas of policy and regulation, professional standards, initial and ongoing education standards, and member engagement.
Comprised of representatives from FPSB affiliate organizations who participate in public policy outreach or governmental relations at the territory level, the RAP supports FPSB objectives by providing input and strategic direction on regulatory, legislative and professional oversight issues related to financial planning; facilitating alignment of FPSB network legislative and professional oversight activities; sharing information about territory-specific public policy and government relations outreach efforts or trends that could apply to FPSB initiatives; and developing position(s) for regulation, legislation and oversight of financial planning on behalf of FPSB and the FPSB network. In 2020, the RAP will review and update FPSB’s global regulatory engagement strategy to:
- Encourage legislators and regulators to recognize and protect financial planning as a distinct, evolving professional practice;
- Position the FPSB network as a resource to support public protection, and financial planning as a tool to increase public trust in financial services;
- Establish the FPSB network as a partner for oversight of professional financial planning advice; and
- Encourage the inclusion of financial planning in national, regional and global financial literacy strategies and programs.
With more than 30 years of experience in financial services – the last 23 of which have been spent running her own boutique financial planning practice in Sydney, Australia – Broome understands the challenges and opportunities the evolving regulatory landscape presents for the financial planning profession, and for her fellow CFP professionals actively supporting and guiding their clients during these uncertain times.
“I am delighted to work with Financial Planning Standards Board to develop guidelines and strategies that will support FPSB Affiliates as they navigate the regulatory challenges that face an emerging profession,” said Broome. “I believe there are many learnings from the Australian regulatory landscape that the Regulations Advisory Panel can and should take into account as we engage with regulators and governments around the world on behalf of the global financial planning community.”
“Throughout her career, Marisa has been actively involved in shaping the future of CFP certification and the financial planning profession in Australia and around the world,” said FPSB CEO Noel Maye. “With more than three decades of experience in financial services and several leadership roles with FPA Australia, including her current role as board chairperson, Marisa brings a wealth of knowledge and experience to support and guide FPSB’s efforts to establish financial planning as a globally recognized profession, with CFP certification its symbol of excellence.”
FPSB manages, develops and operates certification, education and related programs to benefit the global community by establishing, upholding and promoting worldwide professional standards in financial planning. FPSB demonstrates its commitment to excellence with the marks of professional distinction – CFP, CERTIFIED FINANCIAL PLANNER and CFP Logo Mark – which it owns outside the United States. FPSB and the FPSB global network administer CFP and other certification programs in the following 27 territories: Australia, Austria, Brazil, Canada, Chinese Taipei, Colombia, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Japan, Malaysia, the Netherlands, New Zealand, People’s Republic of China, Peru, Republic of Korea, Singapore, South Africa, Switzerland, Thailand, Turkey, the United Kingdom and the United States. At the end of 2019, there were 188,104 CFP professionals worldwide. For more, visit fpsb.org.
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