CFP Board requests public comments on proposed revisions to competency standards

DHK

RFC®, ChFC®, CLU®
5000 Post Club

I don't see a whole lot of anything meaningful here, but that's my opinion. Last I had heard, they were reconsidering the bachelor degree requirement, but I see nothing about that in this list of proposed changes.
  • IARFC already requires 40 hours of CE every two years for RFC holders (40 every year for MRFC).
  • All of my insurance CE already counts for CLU/ChFC/RFC for each credit hour and it's very easy to get all my CE done in less than two hours. Other than insurance license CE, I never assume any carry-over CE credits for CLU/ChFC/RFC.
  • Accounting for all of your time allocation to three different disciplines of the CFP, including pro bono work?

To me, this is far more micro-management for those who are in large firms who are university educated "para-planners" who took CFP courses in school and want to 'graduate' to becoming a CFP at such a firm.

It's built precisely for them, not necessarily for real producers.

Give it a read and form your own conclusion.

This is the link to comment before February 28, 2025
 
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