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Did You Know…?

August 21, 2018 | Weekly Commentary

Valley National Financial Advisors and the Certified Financial Planner (CFP®) Board of Standards were both founded in 1985. VNFA as a local, independent firm with the mission to help people achieve their long-term financial goals by providing solutions in as many areas as possible. The CFP Board as a 501(c)(3) non-profit organization that serves the public interest by promoting the value of professional, competent and ethical financial planning services.

In 1995, the National Commission for Certifying Agencies (NCCA) accredited the CFP Board’s certification program, the first such accreditation for a non-health related certification in the U.S. Individuals who have passed the tests of the CFP Board are known as Certified Financial Planner ProfessionalsTM – Valley National currently has eight Financial Advisors with CFP® certifications.

Why does this matter? It matters to us and to our clients that we uphold the fiduciary standard of care requiring a financial adviser act solely in the client’s best interest when offering personalized financial advice. It is at the very core of our team’s values and one of the reasons we maintain our independence.

Currently, several states are considering legislation that would bar professionals of any type from using the word “certified” or “registered” in their titles unless the title has been conveyed by a state-sanctioned board or agency. What would this mean for the CFP? We will follow that closely and keep you informed. We are certain that no matter what may happen with the titles in the future, our commitment will always be to our clients first.

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