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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

Current Cross Border Issues Affecting Financial Planners

Taylor Liao, CFPBy Taylor Liao, CFP, Chinese Taipei

One year ago, I had a client who had a Taiwanese father, but had immigrated to the US a long time ago. He was born in the US and cannot speak Mandarin. He came to me for financial planning because his father has many assets in Taiwan, and he and his brother will face tax issues in the future. The estate tax is quite low; 10%, but it was 50% just two years ago. Even if the estate tax is only 10%, the amount for their estate tax will still be quite high and they need to plan for it in advance. In Taiwan, we use global taxation,

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Will your financial planning clients really reach their goals?

Taylor Liao, CFPBy Taylor Liao, CFP, Chinese Taipei

Every client’s situation is different making it impossible to use the same model for every client. I start over with every case I handle because each client has a unique problem that requires me to be patient and accompany them through the financial planning process. In this blog, I will share with you things I’ve learned through many years of financial planning practice experience.

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CFP Professionals: Building Awareness and Overcoming Regulatory Limits

Taylor Liao, CFP

By Taylor Liao, CFP, Taiwan

CFP professionals in Taiwan have to accomplish thirty hours of CPD courses every year, but that may vary depending on the territory. It is hard to learn the knowledge of running an advisory firm due to the lack long standing financial planning firms in Taiwan.

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The One Thing CFP Professionals Need to Succeed Right Now

Taylor Liao, CFPBy Taylor Liao, CFP, Chinese Taipei

CFP professionals are held to different education standards around the world. This is due to the differences in language, law and tax rules in the 24 territories where CFP certification is offered. One of the challenges that prevents students from earning their CFP certification in the first place and stops CFP professionals from renewing their certification is how to start a fee-based consulting practice.

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Positive Signs the CFP Professional Market is Growing in Taiwan

By Taylor Liao, CFP, Chinese Taipei

The biggest barrier to growing the number of CFP professionals in Taiwan is that the CFP certificants can’t see a clear and bright future for the profession. Most of them have no idea about how to use this certification to benefit themselves.

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Do You Empower Clients to Take Control of their Finances?

By Taylor Liao, CFP, Chinese Taipei

I just bought my first Apple product, the iPad mini two weeks ago. I haven’t had many experiences with Apple devices, so the iPad mini really impressed me with how user-friendly it was and how easy it was to use. Every time I think of Apple, I think of Simon Sinek’s Golden Circle concept.

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How Does your Advice Process Reflect the Findings of Behavioral Finance?

By Taylor Liao, CFP, Chinese Taipei

As a financial planner, it was hard for me to understand what it was like for my clients. Consumers get their information from and are influenced by several mediums such as the media and product sellers. Banks or fund houses, for the sake of selling more products, will release market information that a market has potential to grow in the future and usually this information causes consumers to invest, no matter how high the price of the fund is.

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Practice Challenges Facing Financial Planners

By Taylor Liao, CFP

The financial planning profession faces a lot of challenges including a general lack of awareness from the public, competing designations that confuse the public, lack of regulation, and people claiming to be “financial planners” when they are not qualified.  

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