Wednesday, April 1, 2009

Certified Financial Planner (CFP)

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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- Certified International Investment Analyst (CIIA)

33 comments:

Mohanlal said...

nformative article...
Very Useful...
Thank you...
Good Luck...

Sujith C said...

> Mohanlal
Thanks very much..

Anonymous said...

This is picked from FSPB website. What is your input

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David -Expert in Term Life Insurance Quotes said...

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.

cfp aspirant said...

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 ?

Rajeev said...

Hi
Thanks for sharing this information with us.


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Mark Martin said...

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John Smith said...

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College For Financial Planning Idea said...

Undergoing a certified financial planner training is indeed very vital because this will help strengthen your career and at the same time will make you a more marketable and desirable financial professional. Thus, becoming successful within this competitive industry is already within your reach.

College For Financial Planning UTSA said...

For you to earn this important designation there are certain things that you have to go through. It is vital that you pass the requirements set by the Certified Financial Planner Board of Standards. First is that you have to pass the educational qualification and that is earning a Bachelor’s degree or higher from any form of discipline as long as it is from an accredited college or university.

Neeraj kumar said...

Thanks for sharing information on CFP. Now a days value of certification courses in finance is increasing and its helps in professional carrier.

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Robert Williams said...

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