The Certified Financial Planner (CFP) designation is a certification for financial planners granted by the Certified Financial Planner Board of Standards in the United States and several other organizations affiliated to Financial Planning Standards Board (FPSB), the international owner of the CFP designation outside of the US. The CFP designation helps a person to advance his career as a financial planner.
In order to gain the CFP designation, the candidate must meet certain requirements in the areas of Education, Examination, Experience and Ethics (known as "the four Es").
Education: To complete a set of financial planning courses. Other than completing courses in financial planning, applicants for the CFP certification must also have a bachelor's degree (or higher), or its equivalent, in any discipline, from an accredited college or university in order to obtain CFP certification.
Examination: The CFP exam is held three times a year, and is conducted over a day and half through three sessions having a total duration of 10 hours. The fee for CFP is USD 595 and there is an extra site fee if the exam is conducted outside US.
Experience: There is a three years full time or equivalent part time related experience required for the candidate. The details of experience requirements can be found here.
Ethics: The candidate has to agree to be bound by CFP Board's Code of Ethics and Practice Standards.
Once you have successfully met the requirements and completed the initial certification process, you will need to meet ongoing education and disclosure requirements to maintain the CFP certification.
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6 comments:
nformative article...
Very Useful...
Thank you...
Good Luck...
> Mohanlal
Thanks very much..
This is picked from FSPB website. What is your input
This is a really interesting post - We have recently written a couple articles at financial planners Connecticut on the subject of social media for Financial Planners. (I'm going to put the links below - but I assure you I am not just spam, so feel free.
This article is very informative. I hope others will also be able to read this especially those needing a financial planner. It is good if they find one that meets the qualifications listed. The same is true for aspiring professional financial planners. Being a financial planner, one must continuously study to maintain his/ her position.
what is criteria for part time experince required for CFP ? if anybody is doing job in other sector and part time selling mutual fund . does he qualify for cfp experince ?
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