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March 01, 2009 at 02:00 AM
? The Financial Planning Association’s Board voted to lay off 10 full-time employees to match an anticipated 15% drop in revenue for FY 2009-2010, which begins June 1, 2009. The 10-person layoff amounts to a 12% workforce reduction for the FPA. Among the anticipated drops in revenue for the 2009-2010 fiscal year is a 9% drop from conference registrations, a 25% cut related to infrastructure expenses, and a 66% falloff in “overall corporate participation.”
? The American College’s Chartered Financial Consultant (ChFC) designation will require a total of nine college-level courses for students starting the program on or after October 1, 2009. Already containing all of the educational elements of the generalist CFP Certification plus two additional specialized electives, the revised curriculum adds the requirement of a case analysis course. Established as a professional designation in 1982, more than 45,000 financial planners have earned this credential.
