CFP®Certified Financial PlannersTM
Benefits of Working with a CFP®
Comprehensive financial planning:
Requirements to Become a CFP Professional
The CFP® exam for the financial industry is what the bar is for the legal industry. CFP® professionals must complete thousands of hours of professional experience related to the financial planning process prior to earning the right to use the CFP® certification marks. As a result, CFP® practitioners possess practical experience, in addition to financial planning knowledge.
Once an advisor becomes a CFP®, the CFP® board continues to monitor their behavior to ensure the advisor does not violate the CFP code of ethics. According to US News, of the approximately 330,300 financial advisors in the U.S., only about 93,000 are CFP®. (2022)
The CFP® exam includes questions around:
- retirement savings and income planning
- investment planning
- general financial planning principles
- tax planning
- risk management and insurance planning
- estate planning
- professional conduct and regulation
- psychology of financial planning
Overall, working with a CFP® can provide many benefits for individuals seeking professional guidance and assistance in managing their finances. By providing comprehensive, personalized, and expert advice, a CFP® can help clients achieve their financial goals and build a brighter financial future.