How Can You Be a Certified Financial Planner? (Olliver Söderström)

With the tight competition within the financial planning sector the best thing that you can do to be set apart from other financial planners is to get certified. Anyone can be a financial planner but not everyone is a Certified Financial Planner (CFP). A CFP designation is a professional certification mark for financial planners who was able to complete the formal CFP course and passed the Certified Financial Planner Certification Examination. This certification is awarded by the Certified Financial Planning Board of Standards.

Becoming a Certified Financial Planner can do a lot for your financial planning career. This certification can definitely set you apart from other financial planners because this will imply to your potential clients and employers that you were able to earn the highest level of competency, professionalism and ethical practices that are vital in the financial services industry. With such implication in your career will really help in the betterment of your practice. This is also very beneficial for you because owning such certification will really help make you a more marketable financial professional.

However, it takes a long of perseverance, dedication, patience and knowledge in order for you to achieve your goal of becoming a Certified Financial Planner. In order for you to become a CFP it is important that you complete all the requirements set by the Certified Financial Planner Board of Standards so that you will be qualified to take the CFP Certification Exam. The only way for you to become a CFP is by completing all the requirements and passing the certification exam.

Here are the requirements that you must complete. You have to meet 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 college or university. Aside from that you also have to complete the formal CFP course program wherein you must take special course topics that are significant in financial services. The common course topics are the following: General Principles of Financial Planning, Insurance Planning, Investment Planning, Income Tax Planning, Retirement Planning, Estate Planning, Employee Benefits Planning and Case Study in Financial Planning. All these special course topics are the main contents of the CFP Certification Examination.

Another requirement is that you have to complete the three years work experience as a financial planner, assistant financial planner or any career related in then financial services industry. There are instances that you can get this experience right after you take the certification exam but it would be better for you to have it prior to your examination. And lastly you must submit for a back ground check and adhere to the Code of Ethics set by the CFP Board of Standards. Once you have completed all the requirements you can now take the CFP Certification Exam.

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