Financial Planning Association


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.

BREAKING DOWN '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.

  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. Personal Finance

    Introduction To Financial Planning Organizations

    Organizations such as the FPA and NAPFA are striving to provide higher standards for the financial planning profession and greater protection for consumers through a combination of community ...
  2. Retirement

    Financial Planners: Specialize In Seniors

    Find out how this demographic has all the needs to keep your firm busy year-round.
  3. Professionals

    Key Steps To Building A Great Financial Planning Practice

    Following the status quo will kill your financial practice. Find out the tips you need to follow to keep you a step or two ahead of the competition.
  4. Professionals

    Start Your Own Financial Planning Firm

    Read on to find business tips to make your dream a reality.
  5. Retirement

    Financial Planning: It's About More Than Money

    Determine what you need to do now to make a drastic lifestyle change later.
  6. Professionals

    Boost Earnings Through Financial Planning

    Meeting more of your clients' needs will help you achieve your financial goals.
  7. Professionals

    Is A Career In Financial Planning In Your Future?

    Take our quiz to find out whether you're suited for this line of work.
  8. Personal Finance

    How To Effectively Use Financial Planning Software

    The right financial planning software provides clients with reports that help them achieve their financial goals.
  9. Budgeting

    Retire From Work, But Not Personal Financial Planning

    Here are some personal finance tips for those who want to live well after work ends.
  10. Retirement

    Financial Planners: Practice What You Preach

    "Do as I say and not as I do" doesn't make for a great professional reputation.
  1. Do financial advisors have to find their own clients?

    Nearly all financial advisors, particularly when new to the field, have to find their own clients. An employer may provide ... Read Full Answer >>
  2. Do financial advisors get drug tested?

    Financial advisors are not drug tested by any federal or state regulatory body. This means you may receive your Series 6, ... Read Full Answer >>
  3. Is a financial advisor required to have a degree?

    Financial advisors are not required to have university degrees. However, they are required to pass certain exams administered ... Read Full Answer >>
  4. Do financial advisors have to be licensed?

    Financial advisors must possess various securities licenses in order to sell investment products. The specific products an ... Read Full Answer >>
  5. Do financial advisors need to meet quotas?

    Most financial advisors are required to meet quotas, particularly if they work for firms that pay base salaries or draws ... Read Full Answer >>
  6. Does a financial advisor need an MBA?

    Obtaining a license as a financial adviser does not require an Master's of Business Administration (MBA) degree. The Certified ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Barefoot Pilgrim

    A slang term for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. ...
  3. Quick Ratio

    The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet ...
  4. Black Tuesday

    October 29, 1929, when the DJIA fell 12% - one of the largest one-day drops in stock market history. More than 16 million ...
  5. Black Monday

    October 19, 1987, when the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning ...
  6. Monetary Policy

    Monetary policy is the actions of a central bank, currency board or other regulatory committee that determine the size and ...
Trading Center