PFP Regulatory and Fiduciary Landscape

Overview

This CPE course can be purchased individually or as part of the PFP Practical Applications Certificate Program.

The regulatory and fiduciary landscape for personal financial planning is complex. Practitioners who practice in this discipline face a challenging regulatory maze.

SSPFPS-No. 1 provides a roadmap to traverse this maze and gives an understanding of the regulatory landscape, which is crucial to effectively practice the discipline.

In this audiovisual course, Tom Tillery discusses key areas you need to understand, and adhere to, in order to effectively provide financial planning services, including:

• The regulatory landscape
• The fiduciary duty of the financial planner
• Registration and licensing requirements
• Professional liability and compliance requirements

Also covered are some of the laws that govern the securities industry:

• Securities Act of 1933
• Securities Exchange Act of 1934
• Investment Company Act of 1940
• Investment Advisers Act of 1940

Prerequisites

Basic knowledge of the areas of personal financial planning (PFP)

Objectives

Learning Outcomes

• Recognize who may provide personal financial planning services.
• Identify the how a personal financial planner is regulated.
• Select the securities Act known as the "truth in securities" law.
• Identify what constitutes compensation for a registered investment adviser.
• Recall the regulatory exclusion that exempts an adviser from registering as an investment adviser.
• Choose which government agency is tasked with the enforcement of the Securities Act of 1933.