The CFP (Certified Financial Planner) designation is overseen by the FPSB (Financial Planning Standards Board), a global organization that sets standards for the financial planning profession. FPSB establishes and maintains the framework for CFP certification, including educational requirements, examination standards, and ethical guidelines.
FPSB operates through member organizations in various countries, each responsible for implementing the CFP certification program according to FPSB’s standards and guidelines. For example, in India, the certification process is managed by FPSB India.
The CFP certification is recognized internationally and signifies expertise in financial planning. Professionals who hold the CFP designation have demonstrated proficiency in areas such as investment planning, retirement planning, tax planning, estate planning, and risk management.
Overall, FPSB plays a vital role in maintaining the integrity and professionalism of the financial planning profession worldwide through its oversight of the CFP certification program.