Certified Financial Planner® (CFP®)
What Is a Certified Financial Planner®?
A Certified Financial Planner® (CFP®) is a financial professional who has earned certification through the Certified Financial Planner® Board of Standards. CFP® professionals must meet education, examination, experience, and ethical requirements.
The CFP® designation indicates advanced training in comprehensive financial planning.
Why It Matters
Working with a CFP® professional can provide confidence that the advisor meets recognized standards for financial planning knowledge and ethics.
CFP® professionals often help individuals develop long-term financial plans.
How CFP® Certification Works
To become a CFP® professional, candidates must:
• complete approved financial planning education
• pass the CFP® certification exam
• gain relevant professional experience
• follow ethical and professional standards
CFP® professionals must also complete continuing education requirements.
Example
An investor hiring a CFP® professional to develop a comprehensive retirement plan is working with a certified financial planning expert.
CFP® vs Financial Advisor
- A CFP® is a credentialed financial planning professional.
- A financial advisor may or may not hold professional certifications.
FAQs About CFP® Professionals
What services do CFP® professionals provide?
Comprehensive financial planning and strategy guidance.
Is CFP® a license?
It is a professional certification, not a government license.
Do all financial advisors have CFP® certification?
No. Many advisors hold different credentials or none.
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