On this week’s episode of the Wiser Roundtable podcast, the team discusses what a CERTIFIED FINANCIAL PLANNER™ is and the process of becoming one.
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The team begins the podcast by discussing what a CERTIFIED FINANCIAL PLANNER™ is, and why it is important to find a financial advisor who holds the CFP® certification. CFP® professionals commit to ethical standards set by the CFP Board that require the CFP® certificant put their clients interests first. After completing a tremendous amount of academic rigor to become certified, a CFP® professional also has to fulfill financial planning related continuing education credits each year. The CFP Board is recognized for having “the standard of excellence” and requiring CFP® professionals to commit to serving their clients best interests today, to prepare them for a more secure tomorrow.
4 steps to becoming a CERTIFIED FINANCIAL PLANNER®:
- Complete coursework requirements and hold a bachelor’s degree
- Pass the two part CFP® exam
- Meet the experience requirement (accrue 1000s of hours of industry experience prior to certification)
- Submit to a background check and agree to specific ethics and standards set by the CFP Board
Ways a CFP® can help people:
- Financial Planning
- Investment Consulting
- Portfolio Management
- Investment Broker
Trust is very important when finding a Financial Planner. It is also important to do your research. The National Association of Personal Financial Advisors (NAPFA) is an excellent resource when searching for a CFP® professional.
1:28 What is a Certified Financial Planner™?
6:15 How to become a Certified Financial Planner™
18:25 Ways a CFP® professional can help people
20:56 Finding a CFP® professional
Learn more about Brad Lyons.
Learn more about Matthews Barnett.