Certified Financial Planner

(redirected from CFPS)
Also found in: Acronyms.

Certified Financial Planner (CFP)

A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Certified Financial Planner

A professional certificate offered through the Certified Financial Planner Board of Standards. The certification qualifies one to consult on financial matters. In order to qualify for a CFP, one must complete a series of tests measuring knowledge of retirement issues, estate planning, tax, and financial planning. One must also remain current on continuing education requirements. CFPs often advice clients on how best to manage their money. See also: ChFC.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

certified financial planner (CFP)

A professional financial planner who has completed a series of correspondence courses and has passed examinations in subject areas such as insurance, securities, and taxes. The designation is awarded by the Institute of Certified Financial Planners. Compare chartered financial consultant.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
First, an organizational chart that includes all FDEs that "roll up" into a single CFC or CFP should satisfy the reporting requirement for all such entities.
"CFP certification has become the must-have designation for those providing financial advice," said Kevin Keller, CFP Board CEO, in a Monday statement.
CFPs who do have "practices" don't work in "teams," they work in independent firms.
Any new neighbourhood that is projected to house at least 2,000 permanent residents must adhere to the CFPS. For existing communities, the need for neighbourhood facilities will be determined on a case-by-case basis, and these must be integrated when the locality is upgraded or refurbished, Al Hammadi said.
CFPs take a "big picture" approach that includes tax management, cash flow, adequacy of insurance, estate planing, fringe-benefit planning and investment advice.
Other organizations have referral services of financial planners but do not require a CFP license.
There's significant question as to whether CFPs can possibly know, from the 29 words in the "Manage Conflicts" provision in the proposed CFP Board standards, what to do.
So currently, 49% of CFPs are aged 50 and older, which tracks with Cerulli Associates' data from its Advisor Metrics 2013 study in which it cited the average age of what it calls financial advisors to be 50.9, with 43% over the age of 55.
The viewpoint speaks of the fact that only CFPs are held to a fiduciary standard, and therefore no other individual be it a CPA or any other planner needs to maintain a fiduciary standard because they are not required to do so.
The report reveals some positive developments: Over the past year, more employees are inquiring about retirement planning issues with the company's on-staff CFPs. Specifically, they want to know how much they need to save and where to put their money.
Data was obtained from the following calls for proposals (CFPs) issued by ESCS/FEPECS and published in the DODF: CFP No.