scholarly journals Establishing A Certified Financial Planner Program At A Regional University

2006 ◽  
Vol 3 (5) ◽  
Author(s):  
Stephen J. Larson ◽  
William B. Joyce ◽  
David McGrady
Keyword(s):  
Financial Planning ◽  
Retirement Planning ◽  
State University ◽  
Estate Planning ◽  
Regional State ◽  
Regional University ◽  
Financial Planner ◽  
Practical Program ◽  
Certified Financial Planner ◽  
Eastern Illinois University

This paper discusses the process of establishing a Certified Financial Planner™ program at a regional state university as well as the benefits of such a practical program for students.  In 2003 the financial planning curriculum at Eastern Illinois University became board registered by the Certified Financial Planner™ Board.  Students take five courses covering taxation, insurance, investments, retirement planning, and estate planning.  This curriculum satisfies the requirements to sit for the Certified Financial Planner™ [CFP®] exam.  Recent students of our program have obtained good jobs primarily in the area of retirement planning and investments.

Exploring Perceptions of Graduates' Experiences That Impact Certified Financial Planner Certification: A Multiple Case Inquiry

2019 ◽  
Vol 30 (2) ◽  
pp. 323-334
Author(s):  
Kristy L. Archuleta ◽  
Cherie Stueve ◽  
Richard Stebbins ◽  
Randy J. Kemnitz ◽  
Charles R. Chaffin ◽  
...  
Keyword(s):  
Financial Planning ◽  
Financial Support ◽  
Financial Service ◽  
Service Firms ◽  
Financial Planner ◽  
Recent Graduates ◽  
Multiple Case ◽  
Certified Financial Planner ◽  
Financial Service Firms ◽  
Examination Process

This study utilized qualitative methods to explore perceptions of graduates from Certified Financial Planning Board of Standards, Inc. Registered Programs regarding experiences that impact Certified Financial Planner (CFP) certification completion. Participants (N = 16) were classified into four different groups: Certified, In Progress, With Intentions, and No Intentions. In general, the themes that emerged from within case analyses and across cases related to four areas, including preservice experience, intrinsic motivation, employment, and respect for the CFP marks. The results of this study suggest that financial service firms have a number of opportunities to strengthen the interest in a financial planning career and assist recent graduates in their pursuit of CFP certification with time and financial support of the examination process.

Does AICPA Accreditation of Nonaudit Services Add Value? The Case of Personal Financial Planning

2000 ◽  
Vol 14 (1) ◽  
pp. 49-67 ◽  
Author(s):  
D. Shawn Mauldin ◽  
Mark Wilder ◽  
Morris H. Stocks
Keyword(s):  
Financial Planning ◽  
The Other ◽  
Differential Effects ◽  
Relative Value ◽  
Professional Attributes ◽  
Financial Planners ◽  
The Future ◽  
Financial Planner ◽  
Nonaudit Services ◽  
Personal Financial Planning

The AICPA has taken the position that accreditation of CPAs in specific areas of practice is an important aspect of repositioning the CPA profession for the future. The AICPA currently offers two designations exclusively to CPAs, one of which is the Personal Financial Specialist (PFS) designation. However, the issue of accrediting CPAs by granting official AICPA designations is a complex and highly debated issue with opposing sides having compelling arguments supporting their positions. CPAs and other professionals specializing in personal financial planning have opportunities to obtain designations other than the PFS. This paper examines the relative value of these alternative options for financial planners. Specifically, the research was designed to examine the differential effects of alternative financial-planning accreditations on users' perceptions. These perceptions relate to various professional attributes of a financial planner such as their knowledge and expertise, objectivity, and level of trust and ethics possessed. In addition, these perceptions relate to fees charged and the influence that the designation has on the public's choice of a financial planner. Our results indicate that the CPA designation used in conjunction with the PFS designation is generally perceived to signal a higher level of professional attributes than the other designations examined in the study. In addition, a CPA with a PFS designation has a significantly greater influence on the public's choice of a financial planner than do the other designations. These results suggest that important benefits may accrue to CPAs from holding the PFS specialty accreditation.

Individual Biases in Retirement Planning and Wealth Management

2017 ◽  
Author(s):  
James E. Brewer ◽  
Charles H. Self
Keyword(s):  
Retirement Planning ◽  
Developed Countries ◽  
Defined Benefit ◽  
Defined Contribution ◽  
Market Returns ◽  
Wealth Transfer ◽  
Investor Returns ◽  
Certified Financial Planner ◽  
And Behavior ◽  
Defined Benefit Pensions

Around the globe, the gradual move from defined benefit pensions to defined contribution pensions has increased the need for individual retirement planning. Examples of this include U.S. savings rates at historic lows, poor retirement prospects for citizens in developed countries, and the disparaging gap between investor returns and market returns. Research indicates that individuals working with a financial advisor generally receive better results than those who do not. Working with a Certified Financial Planner (CFP) gives an added level of security because a CFP takes an oath to keep the client’s interests ahead of his or her own. This chapter puts describes giving nudges to help individuals close the savings, investing, and behavior gaps that will improve their total wealth and wealth-transfer picture.

scholarly journals An approach to understanding the professionalism of financial planners

2011 ◽  
Vol 6 (3) ◽  
Author(s):  
Ken Bruce ◽  
Abdullahi Ahmed ◽  
Helen Huntly
Keyword(s):  
United States ◽  
Financial Planning ◽  
Professional Associations ◽  
The United States ◽  
Professional Standards ◽  
Stakeholder Groups ◽  
Certified Financial Planners ◽  
Financial Planners ◽  
Outcome Space ◽  
Certified Financial Planner

The aim of this research is to investigate how key stakeholder groups involved with the certification of financial planners experience the phenomenon of the „professionalism of financial planners‟. The study is to be carried out to provide insight to the international financial planning community in establishing relevant and superior professional standards for Certified Financial Planner (CFP) professionals. This will be a qualitative study using phenomenography as a research methodology to describe the qualitatively different ways in which certified financial planners, lecturers of the CFP curriculum and association managers understand or experience the phenomenon of „professionalism‟. Research participants will be interviewed from the United States, Australia and Hong Kong and these interviews analysed to reveal the variations in the conceptions of „professionalism‟ and the attributes that can be identified from the phenomenographic outcome space to inform financial planners, academics and professional associations of what is required to be a CFP professional.

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