Financial Planning Association

AAA

DEFINITION of 'Financial Planning Association'

A U.S.-based professional organization formed in the year 2000 that helps members of the public find an ethical, objective, client-focused financial planner. The FPA also educates the public through seminars, literature and audiocasts about the importance of financial planning and the benefits of using a professional financial planner.

INVESTOPEDIA EXPLAINS 'Financial Planning Association'

The Institute of Certified Financial Planners and the International Association for Financial Planning joined together in 2000 to create the FPA. FPA members must follow the organization’s code of ethics, which requires financial planners to provide their services with integrity, objectivity, competence, confidentiality, fairness, professionalism and diligence. Members must be honest and unbiased with their clients, and they must provide financial advice that is in the client’s, not the advisor’s, best interest. Additionally, they must not provide advice in areas where they are not competent, and they must agree to continually expand their professional expertise. FPA members must provide impartial and thorough advice and disclose to clients any potential conflicts of interest. They cannot disclose a client’s information without permission, and they must always behave in a way that reflects highly on the financial planning profession.

The FPA offers a free online search tool to help individuals find an ethical financial planner. The FPA has regional chapters that facilitate personal interaction among financial planners, and student chapters at universities connect future financial planners with ones already working in the field.

RELATED TERMS
  1. Financial Accelerator

    A financial theory that states that a small change in financial ...
  2. Financial Responsibility Clause

    A provision within an automobile insurance policy which indicates ...
  3. Financial Responsibility Law

    A law which requires an individual to prove that he or she is ...
  4. Financial Advisor

    One who provides financial advice or guidance to customers for ...
  5. Financial Crisis Responsibility ...

    A tax proposed in 2010 to be levied on financial firms that received ...
  6. Financial Infidelity

    Financial infidelity occurs when couples with combined finances ...
Related Articles
  1. Introduction To Financial Planning Organizations
    Personal Finance

    Introduction To Financial Planning Organizations

  2. Financial Planners: Specialize In Seniors
    Retirement

    Financial Planners: Specialize In Seniors

  3. Key Steps To Building A Great Financial ...
    Professionals

    Key Steps To Building A Great Financial ...

  4. Start Your Own Financial Planning Firm
    Professionals

    Start Your Own Financial Planning Firm

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center