46:(CFP Board) in the United States, and by 25 other organizations affiliated with the Financial Planning Standards Board (FPSB), the owner of the CFP mark outside of the United States. The certification is generally considered the gold standard in the financial planning industry. The certification is managed by the Certified Financial Planner Board of Standards, Inc. (CFP Board), which was founded in 1985 as a 501(c)(3) non-profit organization; it is neither a government designation nor an accredited degree.
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Foreign degrees may be substituted for a U.S. degree if they receive equivalency from a third-party organization. The CFP Board began requiring a college education in 2008. In the early years, for the first 25,000 CFP members, candidates could take the five courses and achieve certification without a
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The candidate must have a bachelor's degree (or higher), or its equivalent in any discipline, from an accredited college or university. The bachelor's degree requirement may be completed after passing the CFP exam (within five years) and is not a requirement to be eligible to take the CFP Board
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Students and certificants must adhere to the CFP Board Code of Ethics & Professional
Responsibility and the Financial Planning Practice Standards. Registered investment advisors have a fiduciary duty to care for investments. The CFP Board can enforce them through its Disciplinary Rules and
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The CFP Certification
Examination is a multiple choice, computer-based exam consisting of 170 questions, broken into two sessions separated by a 40-minute break. Candidates have up to three hours to complete each session. The exam includes two case studies, multiple mini-case problem sets and
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To maintain certification, in the United States, license holders are required to complete thirty hours of continuing education, of which two hours must be board-approved Ethics CE, and the remaining 28 are
General CE.
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Certification
Examination. As a first step to the present CFP certification criteria, students must master a curriculum of approximately 100 topics on financial planning.
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In the United
Kingdom, the CFP licence/designation is available to financial planners through membership of the Chartered Institute of Securities & Investment (CISI).
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To receive authorization to use the designation, a candidate must meet education, examination, experience, and ethics requirements and pay an ongoing certification fee.
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100:(CFAs) are all entitled to register for and take the exam without having to complete the education requirements, by using the CFP-board's "challenge" status.
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stand-alone questions designed to assess the student's ability to apply their knowledge of the aforementioned areas to financial planning situations.
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Individuals who seek to challenge the CFP certification exam must take a financial planning capstone course before sitting for the exam.
374:"How to Become A Financial Planner - Work At Home Business As A Certified Advisor - Some Certifications Do Not Require College Degree"
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For initial certification, an individual must meet four categories of requirements: education, examination, experience, and ethics.
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There are over 208 designations available for financial-services professionals. These are some of the more common designations.
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Life and
Annuity Certified Professional (LACP), from the National Association of Insurance and Financial Advisors (NAIFA)
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Individuals holding professional designations pre-approved by the CFP Board, which include
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comprehensive exam. In 1991 a comprehensive exam became required for new students.
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to augment accredited degree standards and ranking of professional designations.
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The CFP board and other organizations have communicated with the
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451:"Turning points in the Development of CFP Exam Requirements"
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328:"Chartered Institute for Securities & Investment (CISI)"
426:"CFP certification education and challenge requirements"
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are also exempted from the educational requirements.
523:, Financialadvisorbooks.com, Accessed: Jan 21, 2010.
159:Certified Investment Management Analyst (CIMA),
584:Certified Financial Planner Board of Standards
44:Certified Financial Planner Board of Standards
161:Investment Management Consultants Association
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285:"What Does Your Advisor's Designation Mean?"
92:(CWMs), Chartered Life Underwriters (CLUs),
192:Certified International Investment Analyst
155:Chartered Alternative Investment Analyst
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56:Requirements for initial certification
604:Professional certification in finance
428:. Cfp.net. 2012-01-01. Archived from
351:. Cfp.net. 2014-06-10. Archived from
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264:"Financial Planning Standards Board"
120:Consumer Financial Protection Bureau
473:"How much certificates really mean"
590:Financial Planning Standards Board
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306:"CFP Certification Requirements"
402:"Financial Planning Topic List"
219:List of Securities Examinations
177:Certified Management Accountant
94:Chartered Financial Consultants
82:Chartered Certified Accountants
514:"Choosing a Financial Advisor"
182:Chartered Financial Consultant
167:Chartered Certified Accountant
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224:Registered Investment Advisor
475:. News.efinancialcareers.com
98:Chartered Financial Analysts
78:Certified Public Accountants
588:Certified Financial Planner
582:Certified Financial Planner
534:"Continuing Education FAQs"
197:Certified Public Accountant
187:Chartered Market Technician
172:Chartered Financial Analyst
32:Certified Financial Planner
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471:Yager, Fred (2012-10-02).
36:professional certification
27:Professional certification
414:Professional designations
90:Chartered Wealth Managers
134:Renewal of certification
519:July 11, 2011, at the
202:Financial Risk Manager
64:Education requirements
560:. Wall Street journal
86:Chartered Accountants
18:Financial consultants
453:. Business Coach USA
143:Related designations
34:certification is a
614:Financial planners
349:"CFP exam details"
40:financial planners
214:Financial adviser
42:conferred by the
16:(Redirected from
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538:www.cfp.net
496:. CFP Board
312:January 15,
308:. CFP Board
243:"CFP Board"
598:Categories
564:16 October
543:2022-04-08
500:2017-08-18
479:2013-06-15
457:2014-12-02
436:2014-07-20
359:2014-07-20
334:2017-07-12
330:. cisi.org
291:2022-09-03
270:2013-06-15
249:2013-06-15
230:References
404:, CFP.net
245:. Cfp.net
106:economics
74:attorneys
38:mark for
517:Archived
208:See also
84:(CCAs),
80:(CPAs),
88:(CAs),
266:. FPSB
163:(IMCA)
566:2010
314:2013
102:PhDs
30:The
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