Being A Certified Financial Planner
The financial planning sector is one of the most in demand fields in the financial services industry. In this highly competitive industry it is important that you hold the right certification and credentials that will help set forth a strong and solid career.
A financial planner or personal financial planner is a practicing professional who prepares financial plans for people covering various aspects of personal finance which includes: cash flow management, education planning, retirement planning, investment planning, risk management and insurance planning, Tax planning, estate planning and business succession planning. These professionals are guided by the financial planning process to create a financial plan; a detailed strategy tailored to a client's specific situation, for meeting a client's specific goals.
The highest designation that a financial planner can have is a Certified Financial Planner Designation. This is the designation awarded by the CFP Boards to those financial planners and other professionals who were able to complete the formal CFP course program and passed the Certified Financial Planner Certification Examination.
The Certified Financial Planner (CFP) Certification is a post graduate certification that is earned by those individuals who want to further their career, broaden their knowledge, refine their skills, apply for a higher or different job position, get a better salary compensation and most of all keep up with the standards of the financial services industry. With the CFP certification you will be able to set a good impression to your potential clients and employers because this would imply that you were able to earn the highest level of professionalism, competency and ethical practices that are vital in order for you to have an independent career in the financial planning sector and at the same time as a member of the financial services industry.
To become a CFP professional you have to meet all the requirements that is set by the Certified Financial Planner Board of Standards. You must meet the educational qualification that will require you to have a Bachelor’s degree or higher from any form of discipline as long as it is from an accredited college or university. Aside from that you must also complete the formal CFP course program that will require you to take special course subjects that are vital in financial services. By having a complete and thorough training on these special course subjects can definitely help you in passing the CFP certification exam.
The following are the special courses subjects that you have to take:
- Fundamentals in financial planning
- Insurance planning
- Income tax planning
- Investment planning
- Estate planning
- Employee benefits planning
- Retirement planning
- Case study in financial planning
Another requirement is that you have to complete the three years work experience as a financial planner or any career related in the financial services industry. After completing both the educational and work requirements you must then submit to a full background check and then lastly, you have to adhere closely to the Code of Ethics set by the CFP Boards.
Know on becoming a Certified Financial Planner and how it can help in the betterment of your career. Find out more about becoming a Certified Financial Planner by visiting and learn more about CFP professionals.