Ethics and Continuing Education
The final components are the ethics and continuing education requirements. Students and certificants are required to adhere to the CFP Board Code of Ethics and Professional Responsibility and to the Financial Planning Practice Standards. Registered investment advisors have a fiduciary duty to care for investments. The CFP Board has the right to enforce them through its Disciplinary Rules and Procedures.
To maintain certification, license holders are also required to complete thirty (30) hours of continuing education, of which two (2) hours the Board of Standards approved ethical information, on an on-going basis in addition to paying a licensing fee every two years.
Read more about this topic: Certified Financial Planner
Famous quotes containing the words ethics and, ethics, continuing and/or education:
“The most powerful lessons about ethics and morality do not come from school discussions or classes in character building. They come from family life where people treat one another with respect, consideration, and love.”
—Neil Kurshan (20th century)
“In history the great moment is, when the savage is just ceasing to be a savage, with all his hairy Pelasgic strength directed on his opening sense of beauty;—and you have Pericles and Phidias,—and not yet passed over into the Corinthian civility. Everything good in nature and in the world is in that moment of transition, when the swarthy juices still flow plentifully from nature, but their astrigency or acridity is got out by ethics and humanity.”
—Ralph Waldo Emerson (1803–1882)
“If the oarsmen of a fast-moving ship suddenly cease to row, the suspension of the driving force of the oars doesn’t prevent the vessel from continuing to move on its course. And with a speech it is much the same. After he has finished reciting the document, the speaker will still be able to maintain the same tone without a break, borrowing its momentum and impulse from the passage he has just read out.”
—Marcus Tullius Cicero (106–43 B.C)
“If the education and studies of children were suited to their inclinations and capacities, many would be made useful members of society that otherwise would make no figure in it.”
—Samuel Richardson (1689–1761)