How Do I Become A Certified Financial Planner?A large section of people who want to become financial adviser ask a common question- how do I become a certified financial planner? The simple answer to this question is that you have to get the certification or designation of Certified Financial Planner (CFP) which would be conferred by Certified Financial Planner Board of Standards. To become a certified financial planner through this certification you will off course have to meet the education standards, pass examination conducted and have experience and some ethical requirements. There is fee for ongoing certification course too which you have to pay. There is an increasing need of financial planner in various organizations, firms and financial adviser solutions. Being a financial planner you not only get the reputation of being a financial planner but also sharpen the skills you have gained through training. Let us have a look at the issue how to become a certified financial planner? The first thing you must keep in mind is that you have to prepare to go through extensive training and sit for an examination. There are many certifications which require that you take certain tests from time to time to keep up your credentials up to date. But before we peek into the educational requirements, certification examination and work experience required to becoming a certified financial planner let us see what would be your task as a certified financial a planner. Your main duty would be to help people, individuals and business clients choose the best financial choices. You have to analyze their business, find out the resources and go through their financial dealings like investments, insurance packages, loans and other issues. Now let us have a look at certified financial planner requirements. Education requirements- A minimum of college degree is required to go for certified financial planner. After that as you enroll for the certification the first step would be to master yourself in some topics related to financial planning. Some subjects where you would need complete knowledge are- General Principles of Finance and Financial Planning, Employee Benefits Planning, Insurance Planning, Investment and Securities Planning, Estate tax, Transfer Tax, Tax Laws, Norms, Gift Tax, and State and Federal Income Tax Planning and Asset Protection Planning. CFP Certification Examination- This is the main barrier which you need to overcome to become a certified financial planner. This is a 10 hour examination having multiple choice questions. Once you go through the examination and secure good marks you receive the certification after accessing your work experience. Once you receive your certification you can start your own financial planning business or join an organization which acts as financial planner. Work experience- Once you have passed the examination you need to demonstrate your experience in financial planning field. You can gather information related to various areas wherein you need to show your work experience from the official website of the board providing the certification. In fact you can collect reliable information on how do I become a certified financial planner from Certified Financial Planner Board of Standards and many other boards that offer certification for financial planner. Once you complete your examination don't feel that you have completed your task. You must be aware of some ethical issues related to financial planning and continue your education to learn about new changes in financial market; new taxes laws and remain updated. Financial Planner Career >> Privacy Policy >> Contact >> Legal Disclaimer |