Welcome to CFP Board Certificant Connections, a podcast powered by the Certified Financial Planner Board of Standards. CFP Board is the professional standard-setting body for more than 84,000 CFP® professionals nationwide! In each episode, CFP Board discusses the latest in the financial planning profession, takes a deep dive into a key topic, and answers your questions about financial planning.

 

Today’s episode is about big-picture issues that the CFP Board is looking at, as well as client psychology, CFP Board’s wide variety of programs and plans for the future and the upcoming Board meeting.

 

Key Takeaways

[:20] Dan Drummond welcomes co-host Kevin Keller and Susan John, CFP Board’s 2019 chair.

[1:00 ] Kevin and Susan share their reactions and thoughts on the future following the two-day seminar about client psychology they just participated in.

[3:50 ] After her first trimester as Chair of CFP Board, Susan is still as surprised by the variety and breadth of actions, initiatives, and programs undertaken by the teams.

[6:00 ] The upcoming Board meeting will dive deeply into the current state of financial services to get a better understanding of the CFP Board’s positioning and it’s future opportunities.

[7:05 ] Kevin asks Susan to talk a bit about what her job as Chair entails and how she chooses to approach the challenge.

[8:15 ] What do the subscription-based business models appearing and overall competition mean for the future of CFP Board?

[10:32 ] What is the CERTIFIED FINANCIAL PLANNER™ missing to be recognized as a profession?

[11:10 ] Susan talks about what the last 50 years have meant for the profession and what the future is looking like.

[12:20 ] Kevin invites listeners to keep their ear to the ground for a Chicago event on December 12th.

[13:00 ] The academic colloquium has to be one of Susan’s favorite initiatives since it moved the CFPs away from “rules of thumb” into a more professional practice.

[14:32 ] Believe it or not, there’s a shortage in the way of next-generation CFP® professionals.

[15:00 ] With the upcoming Code and Standard effective date — October 1st — how do Susan and the Board anticipate things unfolding?

[17:50 ] Kevin and Dan thank Susan for coming on the podcast and invite listeners to go to Cfp.net/code for additional resources.

 

Thank you for listening to Certificant Connections; for more information on any of the topics we discussed today, visit our website and check out our blog.

 

To submit questions, email us at podcast@cfpboard.org.

 

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Join us next time for another edition of Certificant Connections.

 

Mentioned in this episode

Dr. Carolyn McClanahan

Schwab subscription-based services

XY planning network subscription-based services

 

Bios

Dan Drummond is the Director of Communications of Certified Financial Planner Board of Standards, Inc. (CFP Board).

 

Kevin R. Keller is Chief Executive Officer of Certified Financial Planner Board of Standards, Inc. (CFP Board).

 

Susan John, CFP, is Chair of Certified Financial Planner Board of Standards, Inc. (CFP Board).