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
Time is “rapidly running out” for a critical group of 4,100 advisers if they wish to meet the deadline for their education requirements, according to Adviser Ratings.
Viola Private Wealth’s latest hire, Angus Mann, details how he is harnessing his family office experience at Mutual Trust to help the firm meet the needs of its HNW client segment.
Bravura’s chief executive, Andrew Russell, believes the tech firm is at the “top of the tree” when it comes to digital advice, having already signed a deal with AMP.
As artificial intelligence becomes increasingly commonplace in Australia’s financial services sector, over half of workers fear it poses a threat to their job security, the FSU has unearthed.