The CFP® Practice Standards in creating financial plans for clients.

CFP Board developed this Guide to the Practice Standards for the Financial Planning Process to illustrate how a CFP® professional might provide financial planning to a Client in accordance with the Code of Ethics and Standards of Conduct. This guide presents a hypothetical circumstance and then applies the Practice Standards to that circumstance. The guide does not set forth the only way to apply the Practice Standards to the hypothetical circumstance. There is more than one way that a CFP® professional might exercise professional judgment to satisfy the Practice Standards.

At our firm, we adhere to the guidance outlined by the CFP Board's Guide to the Practice Standards for the Financial Planning Process. This guide illustrates how a CFP® professional can provide financial planning services to clients in alignment with the CFP Board's Code of Ethics and Standards of Conduct. By following these Practice Standards, we ensure that our approach to financial planning is both ethical and tailored to each client's unique needs.

The CFP Board’s guide presents hypothetical scenarios and demonstrates how the Practice Standards may be applied in those cases. However, it is not prescriptive; there are multiple ways a CFP® professional might use professional judgment to meet these standards effectively. At our firm, we leverage these guidelines as a framework while customizing our services to best serve our clients’ individual goals and circumstances.

Guide to Financial Planning Process.pdf

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