FPSB Ireland’s Professional Practice Standards
In addition to ethical principles that CERTIFIED FINANCIAL PLANNER™ professionals are required to meet, FPSB Ireland has defined standards of performance required of a CFP professional when providing personal financial planning. Created to benefit the consumer of personal financial planning services, FPSB’s Professional Practice Standards, which have been adopted by FPSB Ireland:
- Establish the level of practice expected of a CERTIFIED FINANCIAL PLANNER professional engaged in the delivery of the personal financial planning process to a client.
- Advance professionalism in the field of personal financial planning by establishing norms of professional practice and ensuring consistent delivery of financial planning services by CERTIFIED FINANCIAL PLANNER professionals;
- Clarify the respective roles and responsibilities of CERTIFIED FINANCIAL PLANNER professionals and their clients in personal financial planning engagements;
- Enhance the value of the personal financial planning process.
CERTIFIED FINANCIAL PLANNER professionals must, of course, also meet regulatory obligations in addition to FPSB Ireland’s standards.