What is Certified Financial Planner (CFP)?
The Certified Financial Planner (CFP) is a recognized certification given to experts in the fields of financial planning, taxes, estate planning, insurance, and retirement planning. The CFP professionals go through rigorous education, and training and meet ethical standards. A CFP serves as an advisor who holds one of the prestigious certifications for financial planning. Their prime objective is to serve the best interests of their clients today to prepare them for a better and secure tomorrow.
These professionals should have some years of experience in the field of financial planning, clear the CFP exam, and comply with the strict ethical standards amended by the Certified Financial Planner Board of Standards. Unlike other financial advisors, CFPs are obligated to serve the best interests of their clients, it is is fiduciary standard.
Key Takeaways:
- The Certified Financial Planner Board of Standards, Inc. awards CFP certifications is eligible individuals.
- The CFPs serve their clients in managing multiple financial areas for example retirement planning, educational purposes, investing decisions, insurance, and taxes.
- A rigorous training of around 4000 to 6000 hours in total is required to fulfill by a CFPTM, after which they are eligible for suffixing their name with CFP. Post receiving the CFP certificate, they must continue their education.
- Becoming a CFP requires multiple years of experience, successful completion of CFP exams, showcasing ethical standards, and a formal rigorous education.
Table of Content
- Benefits of CFP Certification
- Eligibility Requirements for CFP Program
- Salary of a CFP
- CFP Exam Structure
- CFP Exam Tips and Resources
- Conclusion