An individual is eligible to become an ACP member if they agree to be bound by the ACP Canon of Ethics, Pledge to Clients, Intellectual Property Policy and meet all of the requirements detailed below. Because ACP as an organization is committed to the practice of holistic fee-only financial planning, all ACP members must offer consultation in all areas of comprehensive financial planning to their clients. This requirement does not imply that every client receive comprehensive financial planning services, but only that such services are made available by the member to their clients.
ACP members must meet and abide by the following qualifications in order to maintain eligibility and good standing within the organization.
- Abide by the ACP Canon of Ethics.
- Adhere to the ACP Pledge to Clients.
- Adhere to the ACP Policy on Trailing Commissions.
- Comply with all provisions of the ACP Intellectual Property Policy.
- Meet the definition of fee-only according to the CFP Board of Standards (unless currently adhering to the ACP Policy on Trailing Commissions).
- Offer or supervise others who offer holistic financial planning services.
- Disclose to clients and on Form ADV all referral fees paid to third-parties.
- Make timely payment of all corporation dues and/or other fees.
Within One Year:
- Register as RIA or RIA Agent or equivalent with SEC or appropriate state regulatory agencies.
Within Three Years:
- Have completed requirements for the professional designation (CFP, CPA/PFS, ChFC).
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