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Learn about certification in another territory

CERTIFIED FINANCIAL PLANNER professionals may become certified to use the CFP Marks in more than one territory by obtaining CFP certification from the FPSB Member in the new territory. Those Individuals must abide by the certification renewal requirements of FPSB Members in both the home and new territories. Use the form below to determine what the across-border certification requirements are in your territory:


 

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Financial Planner Blog

Professionals Use Fee-Based Models

By Almo Lubowski, CFP 

Many believe that in order to be a professional financial planner, one needs to shift towards a fee-based model within one’s practice, with a clear distinction between the provision of financial advice and the sale of products being drawn. Perhaps the word “fee” is also a bit deceptive in the financial planning profession; some say that the term “advisor charging” is more appropriate.

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Financial Services Compensation and the Value Proposition of the Financial Planner

By Martin Casals Iglesias, CFP

I understand the way financial planners are paid is one of the main issues to consider when we think of how we want to be seen by our clients and society in general. In the end, it is appropriate that our form of remuneration is perfectly aligned with our value proposition.

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Financial Services Compensation 101

Mukesh Dedhia, CFP, IndiaBy Mukesh Dedhia, CFP

Have we ever given a second thought as to why we pay fees to our doctor? Not really. This is because our doctor is the one who gives us life saving advice and appropriate treatment. He deserves the fee he charges. Then, what about the professionals who give their clients, savings (investment) advice for life??? Don’t they deserve fees for the scientific way in which they plan their client’s finances?

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Business Models and the Importance of Communication

By Taylor Liao, CFP

As a financial planner, I have heard many discussions about business models: commission-based, or fee-based, or both ? It’s a different story here in Taiwan; this profession is quite new and some planners don’t even believe it can work out to receive compensation.But, if they can make a little change in the way they communicate with their clients, it will help them to get reasonable pay for their services.

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Financial Service Compensation Models Learned from William Shakespeare

Korean Financial Planning Professional Sunho KimBy Sunho Kim, CFP

On March 9, 2012, a public hearing was held, in the Republic of Korea National Assembly Lawmakers’ Hall, over a legislation on financial consumer protection. It is uncertain, due to the General Election on April 11, whether this act will pass before April, or have to wait until the next Assembly Session, to do so. Regardless of the timing of the act’s passage, however, financial planners, in Korea’s financial product advisory profession, have a lot to feel thrilled about.

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Financial Services Compensation: Do You Ask Your Doctor How They Get Paid?

By Patrick Canion, CFP

I recently went through a procedure that is all too common for middle aged aspiring golfers. It was the same sad story – my brain refused to recognise that my body is no longer 21 years old, and this resulted in a shoulder injury that eventually needed an operation. Initially, my surgeon didn’t want to operate.  But after a long year of trying less invasive methods, we concluded that the best option was to proceed with surgery.

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Charging Fees: Breaking the Myths

Marlene Shalton CFP Great BritainBy Marlene Shalton, CFP

January 2013 heralds a new dawn for financial advisers and planners in the UK with the requirements of the Retail Distribution Review (RDR) to be implemented. Amongst the raising of standards of qualifications and gap-filling of knowledge, the introduction of “adviser charging” will probably prove to be the most challenging, for some.

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Financial Services Compensation and Regulatory Intervention

By Phil Billingham, ACII CFP Chartered Financial Planner

First the good news: We should get paid for the work we do, the value we add, and most clients understand that…sort of.

Next, the bad news:

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