Australia hosts new global CFP board
TheFinancial Planning Standards Board (FPSB), anew international body set up to administer the global Certified Financial Planner (CFP) qualification, will have its second ever meeting in Sydney in April.
The FPSB, still in the formation process and yet to be officially launched, will be made up of five members from the US and one each from Australia, Canada, Switzerland and South Africa.
At the same time in Sydney, the International CFP Council, now an advisory council to the FPSB, will bring together 80 delegates from the 18 countries that subscribe to the CFP designation.
The CFP council meeting and the FPSB will be chaired by pastFinancial Planning Association(FPA) chair Ray Griffin, while Melbourne based adviser and past chair of the FPA John Hewison will act as the Australian delegate to the FPSB.
In light of the recent media barrage against Australian financial planners, Griffin says the meeting will help them see how their industry measures up globally.
As the FPSB is newly formed, it will spend much of its time in Australia discussing its own formation, the consolidation of the International CFP Council under its umbrella and the development of organisational objectives.
Foremost on the agenda will be the imminent FPSB takeover of control of the CFP trademark from the American CFP Board, which will allow it to develop policy and management strategy for the mark around the world.
This move is expected to make the designation truly international and is the result of four years of lobbying and consultation involving Australia’s FPA.
The first meeting of the FPSB was in Denver, Colorado.
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