FINANCIAL PLANNING STANDARDS BOARD INCREASES INTERNATIONAL REPRESENTATION ON 2007 BOARD OF DIRECTORS

DENVER, 15 NOVEMBER – Financial Planning Standards Board Ltd. (FPSB), the nonprofit association that owns and manages the CFP certification program outside the United States, today announced the names of three individuals who will join FPSB’s nine-member board of directors for three-year terms, starting next year.

On 01 January 2007, Selwyn Feldman,CFP^®, Executive Consultant and Actuary for South Africa-based Old Mutual Actuaries and Consultants; Shailesh V.B. Haribhakti, CFP^®, Managing Partner and CEO of Mumbai-based Haribhakti Group; and Stephen J. O’Connor, CFP^®, Managing Director of New Zealand-based investment advisory firm Broadbase Southland will join directors from Australia, Canada, Chinese Taipei, France and Japan to guide FPSB’s efforts to internationalize the CFP certification program.

“Financial Planning Standards Board is committed to attracting the best and brightest volunteers from around the world to assist us in leading the development of professional financial planning standards that will benefit consumers seeking competent, ethical advice,” said Elaine E. Bedel, CFP^®, FPSB Chairperson.

“We are pleased to have people of the caliber, commitment and passion of Selwyn Feldman, Shailesh Haribhakti and Stephen O’Connor join our board. Their diverse viewpoints, depth of governance experience and leadership roles in their national financial planning communities will enrich our decision-making and support FSPB in its efforts to have CFP certification recognized as the global mark of excellence for professional financial planners,” Bedel added.

FPSB is governed by a nine-member board of directors and supported by the FPSB Council, an advisory group representing 19 organizations (FPSB Affiliates) that currently manage the CFP certification in their respective countries and one organization in the process of becoming an FPSB Affiliate. Countries or regions where FPSB has a nonprofit member organization that offers, or is preparing to offer, CFP certification include: Australia, Austria, Belgium, Brazil, Canada, Chinese Taipei, France, Germany, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the People’s Republic of China, the Republic of Korea, Singapore, South Africa, Switzerland and the United Kingdom. Organizations from the Netherlands and Thailand are in the process of joining FPSB.

Established in 2004, Financial Planning Standards Board Ltd. manages, develops and operates certification, education and related programs for 20 financial planning organizations outside the United States so that they may benefit and protect the global community by establishing, upholding and promoting worldwide professional standards in financial planning. FPSB’s commitment to excellence is represented by the marks of professional distinction – CFP^®, CERTIFIED FINANCIAL PLANNER^TM and CFP(with flame logo)^®.