Why do individuals choose to become CERTIFIED FINANCIAL PLANNER™ professionals?
At a time when many Americans are reaching retirement age, the need for personal financial planning expertise is greater than ever. Recruiters and prospective employers recognize CFP® certification as the most desired designation in this growing field. Becoming a financial planner offers:
- High income potential
- Dynamic, respected profession
- Satisfaction from helping people meet financial goals and plan for the future
Your Path to CFP® Certification
Joseph McLaughlin, CFP®, Financial Advisor, First Command Financial Services, is interviewed about how important becoming a CFP® professional was to his financial advising career
Research by Aite Group shows that CFP® certification can be a key differentiator for firms and individual financial professionals looking to improve the quality of their advice and provide additional value to clients. Key findings of the research – which was commissioned by Certified Financial Planner Board of Standards, Inc. – include:
- CFP® professionals earn 26 percent more in compensation than other financial advisors, adjusted for years of experience;
- 70 percent of CFP® professionals surveyed believe the CFP® certification has had a positive impact on client trust, confidence with clients and technical expertise;
- Practices with CFP® professionals generate 40 percent more revenue and are generally more productive than other firms; and
- Practices with CFP® professionals attract 53 percent more ultra-high net worth and high-net-worth clients than companies without CFP® professionals.
Download the Aite Group Research Report (PDF, 847KB)
What distinguishes CFP® Certification?
- Education: Approved curriculum
- Examination: Comprehensive exam
- Experience: 3 years practical experience (or 2 years apprenticeship experience)
- Ethics: High ethics and practice standards enforced by CFP Board
Where can I learn more about becoming a CFP® professional?
Get a quick overview of the CFP® certification requirements – and your next steps toward becoming a CFP® professional – at www.CFP.net/GetCertified.
CFP Board’s Guide to CFP® Certification provides full details about each of the certification requirements.