How to become Certified Financial Planner

Do you ever get confused when you hear the terms put in for visor. Financial planner financial consultant investment advisor. Certified Financial Planner if you do. Don't worry you're not alone. For old cool financial planner and personal finance expert here. Why for dot com? Let's look at what the differences between financial planner and what exactly is CFPs? If you've ever done any research looking at hiring a financial advisor looking. What the difference is up the titles are. It gets really confusing. Here's the thing if you want to be a financial advisor. All you have to do is get a job with an investor firm already. Insurance company and you can pretty much hold yourself out to be a faithful visor. Pretty scary right but to become a certified financial planner takes on a whole new set of requirements. An education to get that title let me explain for first got in the business. I with fresh out to college had it was a finance major past my Series seven exam and became a financial consultant now. With the tile that was on my business card but you gone to call me a financial advisor. Financial planner any those Fort Worth as I base my career. I really want to something that made me stand out employed for the research. I learned that the CFP certified financial planner was the designation a half the CFP designation embodies what is financial planning. So with that you cover the principal objector, financial planning investments retirement insurance estate planning. Income tax planning basically anything that has to do with money and your life is covered in a certified financial planner program. So when you figure that everybody is at a different point in their life and have different goals. Different objectives to me it only makes sense to get the designation. So I can better help my clients. So nothing better understand what the CFP designation means. Let's take a look at what it takes to get the designation first things. First, you must have a bachelor's degree to even start the program now. I believe this is a rule that was adopted just a few maybe five years ago. So there are some see if he's a potentially don't have a bachelor's degree. But if you want to see a piece starting now you must have a bachelor's degree. The second part is you must enroll in a course for program that is sponsored by the college for financial planning. There are several ways you can do this you can actually go to a real-life class setting. You can do it online sending or you can use self-study. So for me, I did the classroom city in a crash course like style. Let me explain. Each month, I would go up to my home office. Up in Saint Louis and I would spend three-and-a-half days from 8 a.m. to 5 p.m. Just till 12 on the last day. Clearly going through everything financial planning it with your fee for fed. I with Ricky so much back okay. Much coffee just trying to absorb all the information. I did that for a period of eleven months than after that eleven-month that brings us to the next step you must pass the CFP exam. The CPA exam is a two-day comprehensive exam that's gone to have multiple choice and also case studies. So let me give you pages and pages. I've sample client data and you have to determine was going to be the best option for them. Let me tell you the CFP exam was by far the hardest exam. I've ever taken in my life . I've never thought for anything anymore than exam and I'm so thankful, I perhaps. Okay now that you pass the exam you get to call yourself a CFP right. Not quite the final part becoming a CFPA actually using the designation. Paper on your business card to call yourself a certified financial planner. Is that you have to meet the experience required the experience requirement is three years or six thousand hours. I've actually working the financial planning industry. CFB working with clients analyzing data. Presenting client data basically you have to be doing financial planning in order to be able to use that experience requirement. So for me, I actually didn't take the exam that I had been in the business for over four years. Five more than satisfied that three require a tougher the education and experience requirements. You're also held to a higher ethical standard. So if you're going to see on net you want to find anything out about a potential financial buyer that you're getting ready to hire. That hold himself to be a Capt you can see if there's a bit anything filed against them. So for example have a file bankruptcy if they were filed a complaint against them. Is there anything out there should be on a record for being a certified financial planner. If that's the case you'll find that on C UPI dotnet. So everything I've explained to you just shows what being a CRP is different than a normal financial visor. that doesn't have to go to this scrutiny know that education all this experience requirement. So if you're looking to hire financial advisor. I would strongly encourage you to find a CFP as I mentioned head on over to CFP dotnet to find a good fight for visor.