Is the CFP Board Making Matters Worse?

I have Angie Herbers’ blog, The Fast Track, linked over in my blog roll in the left sidebar (it’s also in my Google Reader subscription).  I know Angie and appreciate her insight on the myriad of practice management issues that most maturing firms encounter during various stages of growth.

Today she posted an update to her blog about the state of events affecting the CFP Board that resonates with me.  As most know through my post about attending Ken Zahn’s Live Review course, I am preparing for this July’s CFP® Certification Exam, so it is very important that the integrity and awareness of the certification be held in a positive light (I shouldn’t even be blogging, I should be studying!  But I digress).

As she says, the inclination to hire CFP® Certificants is way down.  This should be disturbing to ALL current and potential CFP® Certificants.  The profession of financial planning is still searching for credibility and consumer awareness.  This is the last thing the profession needs while it struggles to find its identity.

Her departing words are what I will repeat here.  You can read her full post by clicking here:

To get the 56,000 or so existing CFPs truly behind the CFP marks once again, the Board (or some successor organization) needs to put the “self” back into the regulatory organization, and embrace the notion that the public is best served by a profession of Certified Financial Planners, rather than seemingly trying to protect the public from them.

Well said, Angie, well said.