Why You should Choose a CFP®
What do the CFP certification marks
Anyone can call himself or herself a
"financial planner," but only those who have fulfilled the
certification and renewal requirements of the CFP Board can use its
certification marks. The CFP certification marks identify financial
planners who are dedicated to a high level of professionalism.
Why are CFP
certification requirements important?
The CFP Board's
certification process assures the public that individuals authorized
to use its marks have met education, examination and experience
requirements to provide comprehensive financial planning advice and
are committed to high standards of ethical conduct. The
certification marks also signal that a financial planner has
voluntarily submitted to the regulatory authority of the CFP Board.
What are the
CFP certification requirements?
Completion of an
education program at one of the more than 130 colleges and
universities whose curriculum is registered with the CFP Board.
Candidates for CFP
certification must pass a rigorous CFPä
Certification Examination administered by the CFP Board that covers
the following topics: Financial Planning Process, Insurance,
Investment Planning, Income Tax Planning, Employee Benefit and
Retirement Planning, and Estate Planning.
Have a minimum of
three years' experience in the financial planning process prior to
earning the right to use the CFP marks. As a result, CFP
practitioners possess financial counseling skills in addition to
financial planning knowledge.
CFP practitioners agree to abide by a strict
code of professional conduct, known as the CFP Board's Code of
Ethics and Professional Responsibility, that sets forth their
ethical responsibilities to the public, to clients and to employers.
Every Two Years.
Once certified, CFP practitioners are
required to maintain technical competence and fulfill ethical
obligations. Every two years, they must complete a minimum of 30
hours of continuing education, staying current with developments in
the financial planning profession to better serve their clients.