Financial Planning Coalition Comments on New York State Department of Financial Services’ Updated Proposed Amendments to Insurance Regulation 187

The Financial Planning Coalition (Coalition) – comprised of Certified Financial Planner Board of Standards (CFP Board), the Financial Planning Association® (FPA®), and the National Association of Personal Financial Advisors (NAPFA) – recommends that the New York Department of Financial Services specifies the importance of accredited credentialing organizations that grant financial planning certifications and designations, thereby helping to strengthen and clarify the financial advice being offered to New York’s retail investors.  The Coalition’s comment letter can be found here.