|
|
|
||||||||||||||||
|
|
Welcome Financial Planners The Scoop on CEs Continuing Education Credits for CFPs, Miscellaneous Other Designations and for Arizona Insurance Licensees Changes are constantly being made to CE requirements for various designations and licenses. We will attempt to sort through it all and let you know what you may expect to receive from the FPA of Greater Phoenix. CEs for CFPs: As of January 1, 2007, any entity wishing to provide CEs for CFPs MUST apply with the CFP Board of Standards, pay the fee, provide the necessary documents, etc. to be a CE provider. CE providers then pay a fee for each submission to the Board of Standards along with information about the presentation to determine whether or not the session will be accepted by them for CFP CEs. This must take place before we can advertise it in the newsletter that it has been accepted for a certain number of CEs. Following the session, and within a matter of days, we will post the CEs directly on the Board of Standards website for you. Unless you have a particular need for them, you won’t need the paper copy of the CE attendance sheets we’ve always made available. You can just go online each time you choose to see what CEs are posted for you. Now let’s discuss what you as CFPs must understand and do in order to receive your CEs when you attend the approved CE sessions:
CEs for CPAs and other designations: For individuals needing CPA and other kinds of CE, we will continue to provide the attendance sheets we always have. Arizona Insurance CEs: If you have an Arizona Insurance license AND you also have out-of-state insurance licenses, you MUST meet the Arizona Insurance CE requirement. (You DON’T have to meet the requirement if you have only an Arizona license.) Just like with the CFP CEs, an entity wishing to provide Arizona Insurance CEs MUST apply with Thomson/Prometric, a company hired by the Arizona State Dept. of Insurance to process their Insurance CEs. A fee is paid, documents submitted, etc. to become a CE provider. Then the CE providers pay a fee for each submission to Prometric along with information about the presentation to determine whether or not the session will be accepted by them for AZ Insurance CEs. This must take place before it can advertised it in the newsletter that it has been accepted for a certain number of AZ Insurance CEs. Like the Board of Standards, the provider posts the CEs directly on the website for the attendees after the event. The FPA of Greater Phoenix does not as a rule offer Arizona Insurance CEs at our meetings. While 70% of our members are CFPs needing CFP CEs, there is a small number who have out-of-state insurance licenses. Likewise, there are only a few CFPs that frequent other associations offering Arizona Insurance CEs such as the Society of Financial Service Professionals. Therefore, they do not as a rule offer CFP CEs. In Arizona, most associations, etc. which offer CFP CEs don’t also offer Arizona Insurance CEs, and vice versa. And if you need Arizona Insurance CEs, people who offer it will indicate in their documents that it is offered. Please realize that in addition to CFP, CPA and Arizona Insurance CE needs, there are many other designations and licensees that come to us for professional development education and CEs; there are also companies that require their employees to obtain CEs. It is up to YOU to see that the appropriate CE is being offered at any session you attend. Assistants don’t always know what designations you have or what the various acronyms stand for. If you have any questions, please don’t hesitate to contact our Executive Director, Jo Lynne, at 480-483-9035. |
||||||||||||||
|
||||||||||||||||
