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What Is CFP Certification Brochure

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9 views

What Is CFP Certification Brochure

Uploaded by

justcateven
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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IT’S GOTTA BE A

LETSMAKEAPLAN.ORG

WHAT IS A CFP®
PROFESSIONAL
WHAT IS A CFP® PROFESSIONAL?
Most people think all financial planners are “certified,” but this isn’t true. Just about anyone can use
the title “financial planner.”

FINANCIAL PLANNER WITHOUT CFP® PROFESSIONAL


CFP® CERTIFICATION

Not required to meet any set professional standards. Meets requirements established by CFP Board.

May not be required to put your best interests first. Makes a commitment to CFP Board, as part of
their certification, to act in your best interest.

Level of financial planning knowledge varies. Has demonstrated the knowledge required to
deliver holistic financial planning.

Years of experience varies. Must have a minimum of two years of financial


planning experience.

97% 97%
97% of consumers who work with a 97% of consumers who work with a CFP®
CFP® professional trust their personal professional say their advisor consistently
financial services professional.1 offers high-quality financial advice.1

1
Heart + Mind Strategies 2023 Brand Tracking Consumer Survey
CFP® CERTIFICATION
REQUIREMENTS
In order to call themselves a CERTIFIED FINANCIAL
PLANNER™ professional, these advisors must meet
rigorous education, examination and experience
requirements and commit to high ethical and
professional standards.

Education
Examination
Experience
Ethics

EDUCATION EXPERIENCE
CFP® professionals are required to complete CFP® professionals have at least two
education covering all of the major personal years of real-life experience providing
financial planning areas, including investment financial planning services. As a result,
planning, tax planning, retirement savings and CFP® professionals possess practical
income planning, and estate planning. experience in addition to financial
Since 2012, we have required new planning knowledge.
CFP® professionals to have a bachelor’s
degree or higher in any discipline.

EXAMINATION ETHICS
CFP® professionals must pass the As a final step to certification, individuals
comprehensive CFP® exam, which tests must satisfy CFP Board’s Fitness Standards
their ability to apply financial planning and commit to abide by CFP Board’s
knowledge to real-life situations so that Code of Ethics and Standards of Conduct.
they are highly qualified to help you
plan for your financial future.

IT’S GOTTA BE A
THE FIDUCIARY STANDARD
All CFP® professionals commit to CFP Board to act as a fiduciary, CFP Board may sanction
and therefore act in their client’s best interests at all times when a CFP® professional who
does not abide by their
providing financial advice.
commitment to CFP Board,
This means your CFP® professional has made a commitment to which could include a public
CFP Board to: censure, suspension, or
the permanent revocation
1 Place your interests above their own interests, or the interests of CFP® certification. CFP
of their firm. Board is a professional
body, not a regulator, and
2 Disclose conflicts of interest to you, obtaining your informed doesn’t guarantee a CFP®
consent and properly managing the conflict. professional’s services.
3 Continue to put your interests first, even when acting under a
conflict of interest.
4 Comply with the terms of the client engagement and follow
your directions, so long as they are reasonable and lawful.
5 Act with care, skill, prudence and diligence based on your
goals, risk tolerance, objective, financial status and personal
circumstances.

When you choose your financial planner, be sure to ask for — and
get — a written engagement that requires them to have a fiduciary
obligation to you.

The information in this brochure is provided as a public service by Certified


Financial Planner Board of Standards, Inc., a nonprofit professional organization
that fosters professional standards in personal financial planning so that the public
values, has access to, and benefits from competent and ethical financial planning.

Certified Financial Planner Board of Standards Center for Financial Planning,


Inc. owns and licenses the certification marks CFP® and CERTIFIED FINANCIAL
PLANNER™ in the United States to Certified Financial Planner Board of Standards,
Inc., which authorizes individuals who successfully complete the organization’s
initial and ongoing certification requirements to use the certification marks.

1425 K St NW #800 Washington DC 20005


800-487-1497 | [email protected] | letsmakeaplan.org

©
2024 Certified Financial Planner Board of Standards, Inc.
All rights reserved.

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