The Financial Planning Coalition’s Legislative Proposal

In the spring of 2009, the Coalition outlined the broad concepts of a legislative proposal that we are advocating on behalf of the financial planning profession before Congress and the SEC. Broadly speaking, the Coalition seeks the establishment of a professional standards-setting oversight board for financial planners subject to federal authority. The board would establish competency, practice, and ethics standards and the fiduciary standard of care that would apply to anyone who provides financial planning services to individuals or families or who holds himself out as a financial planner or similar titles. Our proposal is outlined in our Case Statement, and has been developed to further the goals outlined in our Statement of Understanding.

For more information on this topic, view the following documents: