Becoming a Certified Financial Planner (CFP) is a great deal in your financial planning career. Having the Certified Financial Planner Certification is the smartest move that you can make in order to strengthen your career in the financial services industry. This certification is also very helpful in order to set you apart from other financial planners. As they always say, anyone can be a financial planner but not everyone is a Certified Financial Planner.
A Certified Financial Planner is a designation awarded to those financial planners or other professionals who were able to passed the Certified Financial Planner Exam and at the same time complete all the requirements set by the Certified Financial Planner Board of Standards (CFP Board). This is a post graduate certification taken by professionals who want to strengthen their financial planning career, broaden their knowledge, refine their skills, apply for a different job or a higher position, get a better salary compensation and most of all keep up with the standards of the financial services industry.
In order for you to become a Certified Financial Planner you must complete the requirements set by the CFP Board. You must complete the educational qualifications wherein you have to earn a Bachelor’s degree or higher from any form of discipline as long as it is from an accredited institution. Aside from that you also have to complete the CFP course program that will require you to take special course topics that are vital in financial services. These special course topics are very helpful in order for you to pass the CFP Certification Exam because the exam is basically talks about all aspect of financial services.
Another requirement that you need to have is a three years full time work experience as a financial planner or any career related in the financial services industry. It is vital that you are able to earn this working experience before you will take the CFP exam because even if you already passed the exam but you have no work experience you are not yet allowed to practice as a CFP professional. In fact the only way for you to get your license it is to first work without one. After completing all the requirements you are now qualified to take the Certified Financial Planner Exam.
The Certified Financial Planner Certification Exam is administered by the CFP Board wherein it will cover over a hundred of topics that covers the financial planning field. This serves as an assessment exam that will gauge all your knowledge and learning in all aspects of financial services. The CFP exam covers a total of 10 hours wherein during the first day you will take it for 4 hours and on the second day it will be a two 3 hour sessions. It is vital that you passed this certification exam in order for you to earn the prestigious and well-know Certified Financial Planner designation.
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