📚New books on the psychology of financial planning📚

SaraStolbergBerkowicz_CFFP
SaraStolbergBerkowicz_CFFP FP CRPS, FP ABFP, FP FPQP, FP CRPC, FP 515, FP 517, CFFP Faculty & Instructors Posts: 15

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edited August 20 in Financial Planners Professional Community

Have you read any of these books? If so, what is your opinion?

1.) The Psychology of Financial Planning by the CFP Board (black cover, paperback)

2.) The Psychology of Financial Planning Practitioners Guide by Klontz, Chaffin, & Klontz (blue cover, hardback)

3.) The Psychology of Financial Planning Practitioners Toolkit by Klontz, Chaffin, & Klontz (red cover, paperback)

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  • SaraStolbergBerkowicz_CFFP
    SaraStolbergBerkowicz_CFFP FP CRPS, FP ABFP, FP FPQP, FP CRPC, FP 515, FP 517, CFFP Faculty & Instructors Posts: 15

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    Sounds like you've read their other books and research. Which publication has been the most impactful for your practice?

  • Dima3469091
    Dima3469091 FP Exam Prep, FP 517 Posts: 2

    No.

    I've not read any of these books by Klontz, but I do have some questions:

    1). Are these books required to be read by CFP Board?

    2). Are there significant differences from the material in the Kaplan textbooks?

    I really do not wish to spend more time and resources on other sources of exam materials unless you imply that Kaplan is not a guaranteed source of passing the CFP exam.

    Please respond. Thanks

  • SaraStolbergBerkowicz_CFFP
    SaraStolbergBerkowicz_CFFP FP CRPS, FP ABFP, FP FPQP, FP CRPC, FP 515, FP 517, CFFP Faculty & Instructors Posts: 15

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    The new books are not required reading, by the CFP® Board or by the College.

    The new books do not cover CFP® Board education course Principle Knowledge Topics that are tested on the certification exam.

    They were, however, written by the Klontzs, which was the topic of this thread in the Financial Planners Professional Community. If you seek insights in passing the CFP® exam, I suggest that you check out the Community boards in that area.

  • Callum_Reese_KTP
    Callum_Reese_KTP Posts: 2

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    Are these books required to be read by CFP Board?

  • SaraStolbergBerkowicz_CFFP
    SaraStolbergBerkowicz_CFFP FP CRPS, FP ABFP, FP FPQP, FP CRPC, FP 515, FP 517, CFFP Faculty & Instructors Posts: 15

    Moderator

    🚨

    CFP Board does NOT require certificants to read the books they publish. Similarly, the educational requirement for CFP candidates does not include these books, just Principle Knowledge Topics.

    Does anyone have an opinion on whether these books, or any others on behavioral finance/economics, should be required reading for either group?

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