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Financial Planning Standards Board

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Chapter Summary

The Financial Planning Standards Board (FPSB) sets international standards for holders outside the US of the certified financial planner (CFP) professional certification. Personal financial planning emerged in the 1970s. FPSB has two membership classes, Affiliate and Associate. By 2007 the FPSB had 19 Affiliate members. The FPSB is a non-profit corporation registered in the state of Delaware, USA. It is governed by a nine-member international board of directors. The FPSB's Chief Executive Officer is a non-voting director and the other directors each represent various countries or regions. The FPSB has a sponsorship programme through which its members have contributed funds to support the Board's creation and ongoing operations. The FPSB's main direct practical contribution to transnational economic governance has been to upgrade and strengthen the profession of financial planning and thereby to enhance the confidence with which individuals can rely on the advice of financial planners.

Keywords: certified financial planner (CFP) professional certification; Financial Planning Standards Board (FPSB) membership; transnational economic governance

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