Your financial well-being begins here.
What is Financial Planning?
Financial planning is the long-term process of wisely managing your finances so you can achieve your goals and dreams, while at the same time negotiating the financial barriers that inevitably arise in every stage of life. Remember, financial planning is a process, not a product. Look to a Certified Financial Professional™ for assistance in developing a financial plan.
CFP® professionals are dedicated to using the financial planning process to serve the financial needs of individuals, families and businesses. Most CFP® professionals have earned a four-year college degree in a finance-related field, and have completed a course of study in financial planning approved by CFP® Board. To earn the prestigious CFP® certification and remain certified as a CFP® professional, individuals must meet four main requirements.
- Examination
- Experience
- Ethics
- Education
Standard of Care
All financial planning services will be delivered in accordance with the following standard of care:
- Put the client’s best interests first;
- Act with due care and in utmost good faith;
- Do not mislead clients;
- Provide full and fair disclosure of all material facts; and
- Disclose and fairly manage all material conflicts of interest.
Code of Ethics
From its earliest designs, the Financial Planning Association (FPA) included a mandate that members adhere to a Code of Ethics that reflects their commitment to help clients achieve their life goals. All FPA members are asked to commit to this Code, CFP® certificants and non-CFP certificants alike. FPA’s Ethics Committee is charged by the Board of Directors with reviewing alleged violations to the Code of Ethics and advising staff on ways to enhance awareness by FPA members of their obligations under the Code.
- Integrity
- Objectivity
- Competence
- Fairness
- Confidentiality
- Professionalism
- Diligence
For consumer-related material, including topical articles, webinars, and planning tips and tools, please visit the National Financial Planning Association’s webpage.
Please come back and visit us for updated planning material and answers to your planning questions.
Thank you for visiting your local Philadelphia Tri-State chapter of the Financial Planning Association.
