Money Matters

What is a CFP® Professional?

21 Feb 2019 by: CCMI 

When choosing a financial professional to help you plan for your retirement and build your financial future, it is extremely important that you know how to make a wise choice. While anyone can provide financial advice, it takes proven, specialized knowledge to become a Certified Financial Planner™ professional. The Certified Financial Planner™ (or CFP®) designation is a prestigious certification mark that is owned and awarded by the Certified Financial Planner Board of Standards, Inc.

In order to achieve and keep the CFP® designation, a Certified Financial Planner™ practitioner must:

  1. Pass the comprehensive CFP® Certification Examination. This test is now 6 hours long and is comprised of the CFP® Board’s financial planning subject areas including insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, education planning, and estate planning.
  2. Each candidate must complete a number of advanced college-level courses of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a bachelor’s degree from a regionally accredited United States college or university.
  3. Complete at least three years of full-time financial planning-related experience or two years of qualifying experience if following an apprenticeship pathway with additional requirements.
  4. Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals.

Once the CFP® designation is obtained, the CFP® professional is required to complete 30 hours of continuing education every two years, including two hours of ethics related continuing education credits.  This helps the CFP® professional continue to learn and stay abreast of an ever-changing financial world.

The four Certified Financial Planner™ practitioners at CCMI can help you reach your personal financial goals and remove the guesswork related to your specific planning needs. Because CCMI exclusively offers fee-only financial planning services, we receive no compensation that is contingent on the sale of any financial products. That means that we answer only to our clients and as fiduciaries, we have their best interests in mind.  Give us a call at (619) 298-3993 to learn more about how our Certified Financial Planner™ professionals can assist you.

CCMI provides personalized fee-only financial planning and investment management services to business owners, professionals, individuals and families in San Diego and throughout the country. CCMI has a team of CERTIFIED FINANCIAL PLANNERTM professionals who act as fiduciaries, which means our clients’ interests always come first.
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