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, continuing and/or education:
“If you take away ideology, you are left with a case by case ethics which in practise ends up as me first, me only, and in rampant greed.”
—Richard Nelson (b. 1950)
“It is our continuing love for our children that makes us want them to become all they can be, and their continuing love for us that helps them accept healthy discipline—from us and eventually from themselves.”
—Fred Rogers (20th century)
“Whether talking about addiction, taxation [on cigarettes] or education [about smoking], there is always at the center of the conversation an essential conundrum: How come we’re selling this deadly stuff anyway?”
—Anna Quindlen (b. 1952)