The Certified Financial Planner Board of Standards is proposing to require individuals who want to become a CFP to prepare an integrated, written financial plan and present it.

The CFP Board has proposed adding a financial plan development course to its educational standards and is seeking public comment on the proposed addition. The course requirement would require those seeking to attain CFP certification to prepare a written and comprehensive financial plan and have their performance assessed based on the written plan and an oral presentation of the plan.

“The proposal is intended to enhance the knowledge, skills and abilities of the individuals, and assess their ability to deliver professional and competent financial planning services to the public,” said CFP Board chair Marilyn Capelli Dimitroff in a statement.

As proposed, the new requirement would require financial planning education programs registered with the CFP Board to offer a financial plan development course no later than January 2012.

The proposal can be found at www.CFP.net/downloads/Financial_Plan_Development_Course_Proposal.pdf. Comments on the proposal may be sent to the CFP Board no later than Oct. 2, 2009, by e-mail to edstandards@CFPBoard.org or by mail to CFP Board c/o Managing Director, Education 1425 K Street NW, Suite 500, Washington, DC 20005.


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