Thursday, December 1 2022

Approximately every five years, the CFP Board conducts a Practice Analysis Study – the largest research project in the United States related to the body of knowledge for financial planning. The study establishes the Core Knowledge Topics that define the content of the CFP® certification requirements. The psychology of financial planning is the eighth major area of ​​knowledge.

CFP® professionals can leverage the book to enhance their own practices, and CFP® certification candidates will benefit from a deeper understanding of an area that has been added to those covered by registered programs, assessed during the course. CFP® exam and accepted for continuing education. credit.

“It is paramount that the requirements for earning the CFP® certification accurately reflect the demands of current practice. The psychology of financial planning is an essential addition to the core areas of knowledge,” said CFP Board CEO Kevin R. Keller, CAE. “We hope that CFP® professionals and those pursuing their CFP® brands will find this new resource useful, and we are grateful to the contributors and members of the Editorial Advisory Board for their important work.”

In addition to technical skills, effective client communication requires mastery of the psychology of financial planning (c. ) The six parts of the book dive into the main knowledge topics that make up the new core knowledge area, including attitudes, client and planner values ​​and biases, behavioral finance, sources of financial conflict, counseling principles, general principles of effective communication, and high-consequence crisis events. The sections also cover the practical applications of each, such as managing a client’s risk tolerance and helping couples and families achieve greater financial transparency.

The eBook is available now, and pre-orders for the print version and bundles can be purchased at a discounted 30-day introductory price on the CFP Board website at . The printed version will be published on June 8, 2022. Wholesale pricing is available for registered programs to complete training courses and for financial services companies to train their financial planning staff.

Practitioner and academic contributors include Saundra M. DavisMSFP, APFC®, FBS®; Rick KahlerMS, CFP®, CFT-I™, CeFT®; Emilie KoochelPh.D., AFC®, CFT-I™; Meghaan LurtzPh.D., FBS®; Megan McCoyPh.D., LMFT, AFC®, CFT-I™; Palm SpearPh.D.; Ron Sages, Ph.D., AEP®, CFP®, CTFA, EA; and Neal Van Zutphen, MS, CFP®, FBS®, CRPC®. Members of the Editorial Advisory Board include Swarn ChatterjeePh.D.; Sonya Lutter, PhD, CFP®, LMFT; and Dave YeskeDBA, CFP®.

The Certified Financial Planner Board of Standards, Inc. is a professional body for personal financial planners in the United States. The CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. . CFP’s Board of Directors, along with its Financial Planning Center, is committed to increasing public awareness of the CFP® certification and access to a diverse, ethical and responsible financial planning workforce. competent. Widely recognized by businesses as the standard in financial planning, the CFP® certification is held by more than 92,000 people worldwide. United States. To visit for more information.

ALM, an information and intelligence company, provides its clients with news, data, analysis, marketing solutions and critical events to successfully manage business activities. ALM serves a community of over 6 million professionals looking to discover, connect and compete in highly complex industries. To visit for more information.

SOURCE Certified Financial Planner Board of Standards, Inc.


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