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The Securities Act
The Securities Act of 1933 is passed, with the aim of protecting investors from a repeat of the 1929 stock market crash. -
The Investment Advisers Act
The Investment Advisers Act of 1940 establishes guidelines for regulating the investment industry. -
First Financial Plan
Financial Services Corporation founders John Keeble and Richard Felder create their first financial plan, producing about 300 plans a month
by 1968 -
Society for Financial Counseling Ethics
Loren Dunton created the Society for Financial Counseling Ethics in 1969, which really started jump started the financial planning career field into bigger things. -
CFP Exam
A CFP exam, consisting of 150 essay questions, is prepared by the
College for Financial Planning’s volunteer education committee. -
College of Financial Planning
The first graduating class of the College of Financial Planning -
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Recession
The US went into a recession, causing inflation which caused the markets to crash, not helping the financial planning business. -
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The Start of Certified Financial Planners
The US was suffering a double dip recession, with interest rates the highest they've ever been. This was the when the first group of Certified Financial Planners was born and cut its teeth. -
Stock Market Takeoff
The stock market that began to take off in 1982, more people realized they needed help with their financial lives -
High School Financial Planning Program Created
College for Financial Planning teams up with the Cooperative Extension Service of the U.S. Department of Agriculture to form the High School Financial Planning Program -
Tax Reform Act
The way people planned and invested for retirement began to change. They were faced with selecting investments for retirement accounts. -
IAFP/ICFP
A joint organization committee agrees to an IAFP/ICFP unification package. ICFP testifies for the first time before a U.S. Senate Congressional committee. IBCFP establishes continuing education requirements. -
Affiliation Agreement
IBCFP and Japan Association of Financial Planners sign a license and affiliation agreement. -
Financial Services Institue
Financial Services Institute is formed to serve broker-dealers.
NexGen holds its first gathering, at FPA’s annual conference in Denver. Financial Planning Standards Board is officially launched to oversee CFP certification in countries outside of the United States -
Bachelors Degree
A bachelor’s degree is required for CFP certification. -
Fiduciary Rule
On April 6, the Labor Department releases its final version of the fiduciary rule, including changes to many areas the industry opposed. Congress will have 60 days to review the rule after it is published in the Federal Register. If lawmakers vote to rescind it, the resolution likely would be vetoed by President Barack Obama. Full compliance will be “phased in” and won't be required until Jan. 1, 2018.