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Product Description Exam Number/Code: CFP
Exam Number/Code: CFP
Exam Name: Certified Financial Planner
The world of finance provides a great variety of career possibilities and there are a number of financial certifications available to all the candidates.
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Information Regarding CFP Exam
Individuals must follow a specific procedure to become a Certified Financial Planner (CFP). The Certified Financial Planner Board of Standards establishes and updates these requirements. This organization also approves the academic programs a prospective CFP must complete. Read on to find out about the CFP Board's requirements for certification.
Education Requirements for Certified Financial Planners
All CFP candidates must hold a bachelor's degree or higher, in any field. They must also complete a CFP Board course of study, which is offered at more than 300 colleges and universities in the country. The curriculum covers financial planning principles, employee benefits and insurance, investment, tax, retirement and estate planning.
CFP Certification Examination
A prospective Certified Financial Planner must pass the CFP Board's certification exam. The 10-hour test requires three sessions to complete. It covers material taught in the CFP Board curriculum. The board maintains a list of independent providers who offer review courses.
Experience Requirement for Certified Financial Planners
The CFP Board requires candidates to have at least three years of full-time experience in the field prior to certification. Experience must be in the areas of employee benefits, insurance, investments, taxes, retirement planning or estate planning. The CFP Board defines experience as:
- Providing part or all of a personal financial plan to a client.
- Supporting or supervising other financial planners who provide part or all of a personal financial plan to a client.
- Teaching the process of personal financial planning to others.
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