Continuing Education Requirements for Certified Financial Planners


Continuing Education Requirements for Certified Financial Planners

The continuing education requirements for certified financial planners are set by the CFP board in order to authorize the professional to continue practice. It is important to meet the requirements in order to adhere to the given principles like competence, integrity, objectivity, fairness, professionalism and confidentiality with the clients.

It is important to pass the CFP Board’s Fitness Standards for Candidates and Registrants and also ensure that one has followed the Financial Planning Practice Standards. The clients must be assured of the financial planning capabilities of the professional. This is one of the main reasons why CFP continuing education is needed. Most employers stress on this requirement in order to refresh and renew the certification.

This proves one’s career commitment and also the ability to meet the numerous changes relevant to this field. The certification also emphasizes on the credibility and expertise of the financial planner. Most clients and employers will prefer such financial planners. Most CFP training institutes provide continuing education. Companies also offer this for current employers.

Certified Financial Planners Continuing Education Requirements

In order to pursue the CFP continuing education, one has to adhere to the CFP Board-Registered Programs, Challenge Status or Transcript Review. According to this one must:

  • Have a bachelor’s or master’s degree in any subject from any accredited college or university. This is required only for the initial certification. This is not a requirement for being eligible to take certification examination for continuing education.
  • In order to be eligible for the examination, one must meet at least 5 years of professional knowledge. The examination is set in order to test individual knowledge about financial planning. This is presented in a set format and various hypothetical situations are stated which have to be addressed. The education and experience qualifications must be met in order to qualify for the continuing education certification.

Continuing Education Certified Financial Planners Degrees, Courses and Certification:

  • Bachelor Degree in any discipline
  • Master’s Degree in any discipline
  • Certification as a Certified Financial Planner
  • Certification from Fitness Standards for Candidates and Registrants

Continuing Education Certified Financial Planners Qualification and Training

Training is not a necessity for certified financial planners. But in order to qualify for this examination, one must have professional experience for at least five years. Training in the initial years can be through internships and through coursework while acquiring one’s educational degree.

Continuing Education Certified Financial Planners Colleges and Universities

Continuing Education Certified Financial Planners Wages and Salaries

There might be an increase in salary if one pursues continued education and the expected average salary is $76,000 p.a.

Category: Finance Education Requirements

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