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The Future of Financial Planning Across Borders is Already Here

Jeff Kenney, FPSB Director of Certification and StandardsJeffrey F. Kenney, FPSB Ltd. Director of Standards and Certification

The future of financial planning will be global and for many professionals it already is. To address the wants and needs of financial planners and their clients now and in the future, the Financial Planning Standards Board Ltd. (FPSB) has begun to develop a model that would allow CFP professionals to become certified in more than one territory using a standardized process.

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Financial Planners: With Great Authority Comes Great Responsibility

Suresh Sadagopan CFP IndiaBy Suresh Sadagopan, CFP

Every financial services company talks about trust; they talk as if their client’s trust them as an infant would trust its mother. The trust that the child has on its parents is the ultimate trust. The child does not question anything. It knows that mommy dear will come running, if she as much as whimpers. She will check whether her baby is hungry or has wet her pants. Once her mom takes the baby in her cozy embrace, the infant is instantly comforted. Her mom does what is needed and the child knows that she would. That is trust – implicit trust!

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New Year’s Resolutions

By Martin Bamford, CFP

This is always a great time of the year for a combination of reflection and planning. I spent an hour the other day looking back through every blog we had posted on our website throughout 2011. I try to do this towards the end of each year, as a way to remind myself of the highlights and take stock of all we have achieved. This year, in keeping with every year I have been a Financial Planner, has been incredibly busy. Only by pausing to review everything that took place can I make any sense of the constant barrage of news and achievements the past twelve months have had to

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Can Investment Fees From Financial Advisers Be Justified?

By Simon Hassan, CFP

Yes, no, and it depends.

Yes, if the fees or commissions are reasonable in relation to the value of the services they provide.

No, if the adviser (and let’s include the firm they work for here) is just ‘clipping the ticket’ – whether the ‘clip’ is taken as commission or fees. Particularly so where conflicts of interest exist (as when an adviser claims to be, or gives the impression of being independent when this is not really the case).

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Trust & Ethics – A Never Ending Responsibility for Continuing Professional Development

Tobias Maag CFP BrazilBy: Tobias Maag, CFP

Ethics in the “real world” was the theme of Instituto Brasileiro de Certificação de Profissionais Financeiros’ (IBCPF) last continuing professional development event for 2011, focusing on the organization and implementation of ethics in a major financial institution, its scope, challenges and possible solutions.

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How Important are Ethics and Standards? Just Ask a CFP Professional

By Noel Maye, CEO, Financial Planning Standards Board

At the global meeting of Financial Planning Standards Board in Washington, D.C. last month, we released “The Global Practice of Financial Planning,” an international research report that highlights the results of a ground-breaking study on the global practice of financial planning. The research, based on a survey of 11,147 CFP professionals in 11 countries and territories, told us what tasks, knowledge and skills CFP professionals considered the most important and applicable in their everyday practices.

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Building The Financial Planning Profession Through Education

KK Goel - CFP IndiaBy DR. (Col.) KK Goel, CFP

Financial planning is in its nascent stages in India. The concept of financial planning in India was initiated by The Association of Financial Planners (India), later on renamed as FPSB India, in 2003. Of the 1,500 CERTIFIED FINANCIAL PLANNER professionals all over India, we have around 125 of them in Delhi, which is a small figure for India’s capital and a big state, with a population of 12.8 million. Many of them are either in jobs that do not involve financial planning or are practicing more as financial product sellers than as financial planners. There are very few CERTIFIED FINANCIAL PLANNER professionals who are, in a real sense, practicing as financial

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Death of the Salesman: Financial Planning In South Africa

Warren Ingram CFP South AfricaBy Warren Ingram, CFP

Financial planning in South Africa is undergoing a dramatic and sustained transformation driven largely by legislation that has been implemented, in stages, since 2002. The result of this legislation is a financial planning industry that is becoming more advice-focussed and less product-driven. One of the most significant results of this new legislation was the protection provided to South Africans from the worst effects of the American Financial Crisis in 2008.

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