A Certified Financial Planner or CFP is responsible in handling and helping clients prepare for their future through assisting them with their finances – retirement, income tax, investments, real estate, insurance, and a lot more. Their clients can either be individuals, families, celebrities and even big companies or organizations. A lot of professionals have already realized the benefits of being a CFP, hence, they seek to be one. So what does it take to become a CFP?
The CFP Board requires that CFPs should meet all the certified financial planner education prerequisites before they get to apply for the CFP certification examination. The first step is earning a bachelor’s degree or a higher degree in any kind of discipline provided that you got it from an accredited college or university in the United States. You also need your official transcript of records from the institution where you enrolled to support that you have a bachelor’s degree or higher.
Once you’ve met the first step, you also need to complete the CFP Board-Registered Education Program. This covers a lot of general principles on finance and financial planning, retirement planning, transfer tax planning, stage and federal income tax and planning, investment and securities planning, insurance planning and risk management, and a lot more. You can complete such courses from major universities, college or even through online CFP education.
Last but certainly not the least, you have to pass the certified financial planner certification examination which consists of 285 multiple choice questions covering different aspects regarding being a certified financial planner. These questions evaluate the knowledge, comprehension and competency of the professional regarding different areas of financial planning.
Meet these certified financial planner education requirements today, take the board exam and become a CFP. You’ll surely not regret having such title.