FPA’s De Gori boasts continuing relevance of CFP
Financial Planning Association (FPA) chief executive, Dante De Gori has written to planners reassuring them that the Certified Financial Planner (CFP) designation remains relevant and valuable despite the Financial Adviser Standards and Ethics Authority (FASEA) regime.
In doing so, he has claimed that the CFP designation is well-recognised by consumers and will stand planners apart.
“Possibly now more than ever, the value of the CFP designation cannot be understated,” he wrote. “Consumer trust is bruised. The CFP mark is a clearly recognisable way to differentiate yourself as holding the highest possible standards of education and ethics globally.”
“On that basis alone – that it’s in consumers’ best interest during this difficult time of change and uncertainty – the CFP designation stands you apart. Therefore I’d urge you to prioritise enrolling in the program by the 4 July deadline to continue on the path to becoming a CFP professional.
De Gori acknowledged the current FASEA exam and the need for financial planners to have commenced a minimum education standard of degree by 2024 and noted that while CFP professionals were not unaffected they “certainly have an advantage” because the CFP designation had been accredited for recognition of prior learning towards the new degree standard.
“It makes sense as a bachelor’s degree, or its equivalent, has been a requirement for the CFP designation for over 10 years,” he wrote. “In addition, the CFP Certification Program will provide you with recognition of up to four credits at some universities offering Master of Financial Planning program.”
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
