WHAT ARE THE MAINTENANCE REQUIREMENTS
To represent yourself an as active PFP® in good standing - and to uphold the prestige of your letters - you must renew your designation annually.
All PFP®s must renew their designation by their anniversary date (the date the designation was originally granted). You will receive reminders 4 weeks and 1 week prior to your deadline.
YOU MUST MEET THE FOLLOWING MAINTENANCE REQUIREMENTS:
- Continuing Education
- The world we work and live in is constantly evolving. As a financial advisor it's critical that you commit to lifelong learning and have a handle on the trends and issues that affect your industry - and, most importantly, your clients.
- Code of Ethics
- PFP®s must re-commit to the PFP® Code of Ethics each year.
- Trademark
- To continue using the PFP® trademarks in your own marketing, PFP®s must re-commit to the Certification Mark Licence Agreement each year.
- Licence
- PFP®s are required to pay a non-refundable licence fee of $275 each year. The licence fee goes towards your trademark rights and benefits from CSI.
Beginning January 1, 2018 each PFP® is required to earn 20 continuing education (CE) hours per calendar year, starting the first full year after you earn your designation.
General Requirements
- 15 Hours of professional development CE credits
- 5 hours of ethics and compliance related CE credits
- CE content must fall within the competencies as provided in the PFP® Professional Competency Profile
For 2017 and previous years each PFP® is required to earn 12 continuing education (CE) hours per calendar year, starting the first full year after your earn your designation.
General Requirements
- 9 hours of professional development CE credits
- 3 hours of compliance-related CE credits
- CE content must fall within a competency associated with the PFP® designation.
Tools and Resources
CE TOOLS AND RESOURCES FOR 2018 AND SUBSEQUENT YEARS
CE TOOLS & RESOURCES FOR 2017 AND SUBSEQUENT YEARS
- PFP® CE Assessment Tool
- PFP® CE Tracking Tool
- PFP® CE Course Guidelines
Qualifying Activity Providers
Courses can be taken from CSI or other external providers (e.g., community colleges, universities, other professional education providers or in-house at your employer). It is up to you/your employer to determine if a course meets CSI's PFP® CE Course Guidelines.
Activity & Hours Tracking
Make sure you retain supporting documents to confirm completion of CE credits. Each year, a percentage of PFP®s will be audited to verify the CE hours claimed on their designation renewal applications.
IF YOU DO NOT RENEW
WHAT IS THE REINSTATEMENT POLICY?
PFP®s are given the opportunity to reactivate their licence after a lapse of up to 5 years. If your designation has lapsed for more than 5 years, you'll be required to re-take and successfully complete the Applied Financial Planning (AFP) Certification Examination and meet the work experience requirement in addition to agreeing to the PFP® Code of Ethics and the Certification Mark License Agreement.
- If you allow your designation to lapse for less than 60 days of your renewal date you will be able to renew on line without penalty
-
If you allow your designation to lapse beyond 60 days, but less than one year of your licence renewal date you will be required to:
- Pay a $50 administration fee in addition to your annual licence fee
-
If you allow your designation to lapse longer than one year, but less than 5 years you will be required to:
- Pay a $50 administration fee and $275 reinstatement fee in addition to the annual renewal licence fee of $275 as well as provide proof of completion of CE