When selecting a financial advisor, you should feel confident that the person you choose to help you plan for your future is competent and ethical.
To earn the right to use the CFP marks, individuals must complete the following competency requirements.
- Education: Develop theoretical and practical financial planning knowledge by completing a comprehensive course of study at a college or university offering a financial planning curriculum.
- Experience: Have a minimum of three years’ experience in the financial planning process prior to earning the right to use the CFP marks.
- Examination: Pass a comprehensive, two-day, 10-hour examination that tests the ability to apply financial planning knowledge in an integrated format. The exam covers the financial planning process, tax planning, employee benefits and retirement planning, estate planning, investments management and insurance.
- Ethics: As a final step to certification, CFP professionals agree to abide by a strict code of professional conduct, known as CFP Board’s Code of Ethics and Professional Responsibility, that sets forth their ethical responsibilities to the public, to clients and to employers.