The number of certified financial planners in the world could double in the next five years, according to the board chairman-elect of the Financial Planning Standards Board.

Most certified financial planners are “very satisfied” with their career choice and agree that their CFP certification contributes directly to their professional success, a new survey says.

The letters that appear at the end of the names of insurance agents and other financial service professionals can make a difference in their income, according to a new survey.

An organization representing about 75,000 financial planning professionals “strongly urged” the U.S. Senate Banking Committee to include financial planner consumer protections that include increase regulation, oversight and competency and ethics standards for anyone calling himself a “financial planner.”

The board regulating Certified Financial Planners issued an interim suspension to a Texas man who allegedly collected more than $250,000 in commissions by illegally transferring money between retirement plans.

Martin Kurtz, a certified financial planner and president of The Planning Center in Moline, Ill., was named president-elect of the Financial Planning Association for 2010.

Just about half of consumers say building a retirement fund is one of their most important financial concerns, a new survey finds, yet the majority do not have a written financial plan in place.

The CFP Board has taken public action against six of its CFP certificants, including three revocations, two suspensions and a public letter of admonition.

The American College in Bryn Mawr, Pa., is hoping to take some of the confusion out of which designation is the best fit for financial planners through a new website offering what it calls “unbiased and interactive” means to evaluate options.

Charles A. Moran, a professor at the State University of New York-Cobleskill, was elected to the position of chair-elect for the CFP Board’s board of directors.