These days it seems that everyone in the financial services industry has some letters displayed after their name, indicating that they hold some sort of professional designation. There’s CPA, CFP, CLU, ChFC, PFS, CMFC just to name a few. Like alphabet soup, there are lots of letters and they don’t really seem to spell anything. Many people don’t understand what these designations mean – such as “Senior Specialist” or “Retirement Advisor” – or what is required to obtain and keep the various designations.
Today there are over 90 designations, degrees, titles, certifications, and accreditations available in the financial services industry. For this reason, investors need to be very careful not to assume that just because a person has some letters after their name, that they are an expert in handling your financial needs. Some designations represent legitimate expertise, while others are merely marketing tools. For more information on the meaning of various designations, visit ‘s FINRA’s website and click on the “Investor Information” tab, and do a search for “understanding professional designations”. You will be able to type in the letters of the designation you would like to find out more about the issuing organization, prerequisites and education requirements, continuing education requirements, and exams that must be passed.
Here are a few good designations to look for:
CFP or Certified Financial Planner
The CFP is the most comprehensive financial planning designation that a professional can earn. It requires that a candidate complete a series of courses approved by the Certified Financial Planner Board of Standards. Each course requires the passing of a final exam, and then a comprehensive final exam must be passed at the end. A CFP has studied all areas of financial planning including: retirement planning, estate planning, investments, insurance, & taxes. Candidates must also have 3 years of personal financial planning experience and a Bachelors degree, or have 5 years of personal financial planning experience.
Another big benefit of working with a CFP is that they are required to act as a fiduciary for their clients. This means that they must do what is in the best interest of their client no matter what. This reduces the risk of an advisor selling something to a client that may not be in the clients’ best interest, all because the advisor was thinking about how they would be compensated. CFP are required to complete 30 hours of continuing education training every two years. This helps keeps them on the cutting edge of changes in the industry.
ChFC or Chartered Financial Consultant
The ChFC designation is issued by The American College, an accredited university specializing in financial education. A candidate must have at least 3 years of full-time financial services business experience in the 5 years preceding the awarding of the designation. They must complete 6 core and 2 elective courses that cover most of the same information that a CFP will study. Each course has a final exam, but there is no comprehensive final exam required. 30 hours of continuing education training every 2 years are required, which also helps to keep an advisor in the forefront of the financial services industry.
Watch out for designations that take a few days of classroom study, or a few hours of self-study, plus a fee to earn. These types of titles are generally just marketing tools to trick people into thinking they are working with an expert (and a way for the issuing organization to make some money). Do a little homework and don’t be afraid to ask a few questions, you’ll be very glad you did.
Mark Kenison is a Certified Financial Planner and a Chartered Life Underwriter. He has been helping people all over the United States plan for and successfully retire for over 14 years. You can learn more this and other personal financial planning topics by visiting his site http://www.Great-Financial-Planning.com Mark’s practice is based Charlotte, NC and he has clients all over the United States. You can also contact Mark by calling toll free 1-866-983-4222.
As you try for your objective of turning into a Certified Financial Planner it is indispensable that you have the learning and aptitudes that CFP expert is should have. That is achievable provided that you will study in a Certified Financial Planner School. This is a school that furnishes an exclusive expectation of training in the field of fiscal administrations. You can hope to get an exceptional training in budgetary field on the grounds that that is there mastery. They see to it that they give their scholars the definite discovering that is truly wanted so that one will stand solid in this industry. Assuming that you need to have a great profession in the monetary administrations industry it is significant that you have an in number foundation in money related training that will serve as your spine. It is an absolute necessity that you are outfitted with learning and abilities that are essential in fiscal administrations. It might turn out simpler for you to attain an auspicious vocation in the fund planet assuming that you have an exceptional fiscal training.
The fund planet is a quite intense industry. It is imperative that you have included certifications and affirmation that can help fortify and support up your budgetary arranging vocation. Through taking certificate exams you can acquire designations that will help set hence an in number vocation. The Certified Financial Planner exam is known to be a standout amongst the most testing exams in the monetary administrations industry. With how intricate such exam is it is then imperative that you get a great instruction and survey on it to guarantee that you will effectively pass the exam. By contemplating in a Certified Financial Planner school can help you pick up the learning, comprehension, studying and abilities that you will require for you to pass the CFP affirmation exam.
A standout amongst the most looked for after vocation in the monetary administrations industry is that of a Certified Financial Planner.
A Certified Financial Planner is a master budgetary expert who is there to furnish monetary counsel and administrations to those individuals who require assistance in the money related parts of their lives, for example settling on monetary choices, securing a stable monetary anticipated, applying the act of funds and planning and numerous more. A Certified Financial Planner will advance a viable and profitable monetary plan that will help you realize your deep rooted objectives. CFP experts to be sure have major influence in the budgetary lives of a considerable measure of individuals.
With the right school and the right CFP course educational module you will without a doubt pass the Certified Financial Planner Certification. What truly numbers is that you are dead set to pass and point for fabulousness. By that you will be inspired to strive hard so that you will accomplish your objective of turning into a solid Certified Financial Planner.
Find out how can studying in a Certified Financial Planner School do well to your financial planning career. To know more about Certified Financial Planner School you can visit and learn more about becoming a Certified Financial Planner professional.
Who is a certified financial planner?
A certified financial planner (CFP) is an educated, trained and licensed individual who is responsible to manage other people’s finances. These CFPs ensure that your finances are well managed, so that you can achieve your financial goals.
Individuals who successfully complete the certification are awarded a diploma. A certified financial planner would help you manage your funds and invest efficiently. It is very important to clearly specify your financial status to the CFP.
CFP’s also help you in the following ways:
Know your short-term and long-term financial goals
Estimate the cost of your financial goals keeping in mind the inflation and price rise
Identify any possible problems to achieve your financial goals
Develop a personalized financial plan and present it
Implement the financial plan so as to achieve your goals by managing money that you have
Monitor the financial plan by analyzing what was planned to be achieved and what is actually achieved
Certified financial planner CFP course in India
If you are a certified financial planner, you are amongst the most respected and in-demand professionals.
The demand for the CFP course in India has noticeably increased.
Noticeably, in the last few years, the demand for the CFP course in India has risen.
People expect more duties on their shoulders along with their financial responsibilities.
As incomes are steadily increasing, on the rise, people now seek professional guidance for investing money in smart avenues so as to avail maximum benefits and plan their goals accordingly.
Not only is this increasing, but also the The number of job seekers, looking out for a decent job in India or abroad. is growing fast as well. With a certified course like CFP in hand, the job seekers get an upper hand over the others.
Companies like ‘JP Morgan’, ‘Citi Bank’, ‘HDFC’, ‘Kotak’, ‘American Express’, ‘Reliance’ and ‘ING’ hire job seekers who are certified financial planners to deal with their high net worth clients.
Registration and post-course completion benefits
The procedure for CFP registration has been simplified for applicants through online hassle-free websites.
You simply need to go online and register for the certified course in financial planning to get going.
Those who complete the Certified Financial Planner CFP course will carry all the required skills and knowledge to give professional financial planning advice. It goes without saying that, their services are welcome by KPOs, banks, insurance companies and financial services companies.
As you successfully complete your NCFM Registration and complete the course you can avail the following benefits:
Enhanced career opportunities in world renewed companies, banks and management companies
You personally feel satisfied that you have achieved the most respected standard in the financial planning profession
CFP is a completely recession proof career
Build satisfied relationships and business deals with more clients
Create more revenue opportunities by increasing services offered
As the popularity of CFP course in India has increased, more and more people aim to become certified financial planners. Thanks to the support of CFP professionals, managing the finances is simplified.
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