This module describes the steps in the financial planning process and the corresponding CFP Board Practice Standards that go with each step. This includes what is expected of the planner and client in each step. The module also covers the Fitness Standards for candidates, CFP Board’s Code of Ethics and the seven Principles that are an integral part of the Code. The module concludes with a detailed description of the Rules of Conduct and the Disciplinary Procedures that are applied when CFP® certificants violate the rules. The Rules of Conduct establish the high standards expected of CFP® certificants and describe the level of professionalism required. The Rules and are binding on all certificants, regardless of their title, position, type of employment, or method of compensation, and they govern all those who have the right to use the CFP® marks, whether or not those marks are actually used.

Author: David Mannaioni, CFP®, CLU, ChFC, CPCU

David Mannaioni, CFP®, CLU, ChFC, CPCU is an associate professor at the College for Financial Planning. Utilizing his 30+ years of experience in the financial services industry, David also maintains a financial planning practice where he works with his clients in all areas of financial planning. In addition to his certifications, David holds Life and Health insurance licenses in several states, as well as the Series 6, Series 7, Series 63, and Series 24 registrations with FINRA. You can contact David at

Complexity Level: Overview