The Updated CFP® Board of Standards New Ethics Course
Melissa Kemp, CFP®, AEP®, CAP®, CNAP®
This program fulfills the requirements for CFP® Board approved Ethics CE. The program is designed to educate CFP® professionals on the CFP® Board’s new Code of Ethics and Standards of Conduct, which became effective October 1, 2019 and has been updated in 2020, for rollout to CFP® professionals as of April 1, 2021.
Course Objectives: We’ll discuss what goes on in someone’s mind that allows them to think they can go undetected while committing a fraudulent act. What are the common set of thinking errors and patterns that each of us can be susceptible to on a regular basis. Common ethical dilemmas that advisors face in today’s workplace.
What You Will Learn:
• Understand the structure and content of the Revised Code and Standards, including significant changes from prior rules
• Describe CFP Board’s Fiduciary Duty
• Identify Material Conflicts of Interest and Ho to Avoid, or Fully Disclose, Obtain Informed Consent, and Manage Them.
• Understand the Duty to Report to CFP Board and the Duty to Cooperate
• Identify the Practice Standards When Providing Financial Advice that Requires Financial Planning or Financial Planning
• Understand the Duty to Provide Information to Clients When Providing Financial Advice and/or Financial Planning
• Review Real World examples of the applied Standards
Melissa Kemp, CFP®, AEP®, CAP®, CNAP® currently serves as the contract Executive Director for the Financial Planning Association of Greater Phoenix. Prior to accepting the Executive Director role in 2015, Melissa had been a chapter member since 2000.
Melissa is the founder and owner of Premium Organization, an Association Management Company, launched in 2000. Premium Organization provides administrative solutions for many nonprofit organizations, including 501(C)(3), (C)(4), and (C)(6) type entities. Melissa knows how to deliver quality programming under a nonprofit umbrella.
She also owns Premium Administration, LLC, a third-party administrator for trustees of Irrevocable Trusts. As a trust administrator of complex estate planning documents with high dollar values, she understands the rigor and exactitude required of financial planning professionals and the critical value of a highly regarded reputation.
In 2021, Melissa is serving as a Hearing Panel Volunteer by the CFP® Board of Standards Disciplinary and Ethics Commission. The Hearing Panel is responsible for overseeing and processing 2021 disciplinary actions.
In 2017, Melissa developed a fun and interactive Ethics course titled "A Pragmatic Walk Through the Ethical Looking Glass". This course quickly became popular with CFP® professionals, because it incorporated gamification and competition via learning tools like Kahoot! and utilized authentic Anonymous Case Histories from the Disciplinary Ethics Commission. Among the continuing feedback from professionals taking the course, many noted it was the first time an approved Ethics course actually delivered on every required learning objective and carved out time for useful ethics discussions.
In 2018, when the CFP® Board of Standards elected to produce its own new Ethics Course in advance of rolling out the new practice standards, Melissa served on the Ethics Work Group volunteering time and talent to shape the new course. Much of her early work proving that fun and interactive courses were possible and could meet the Ethics Learning Objectives opened a path for the final course to integrate many concepts from the Pragmatic Walk Through the Ethical Looking Glass. Melissa's intention is to update the Pragmatic Walk Ethics course based upon the 2021 Ethics Learning Objectives and seek approval to offer it again as an alternative to the mandatory Ethics course content at some point in the future. For now, though, she endeavors to deliver their content exceptionally well.
Continuing Education: Two hours approved for CFP® and Kansas Insurance
This meeting is sponsored by:
