Reg Prog Orientation

7/25/2019 Reg Prog Orientation

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CERTIFIE

D

FINANCI

AL

PLANNE

R

Certification

Insert presenters name,

Institution name &

Date of presentation


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Nonprofit, standards-setting and

certifying organization located in

Washington, DC

Founded in 1!"

Mission Statement:to #enefit the pu#lic #y

granting the CF$%certification and upholding

it as the recognized standard of ecellencefor competent and ethical personal financial

planning'


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CFP Board Activities

Certify individuals who voluntarilymeet initial & ongoing competencyand ethics requirementsPerform periodic job analyses to

update content areasDevelop and administer the

CFP Certication !"aminationDevelop & enforce CFP #oard$s

Standards of Professional Conduct!ducate the public about CFPmar%s


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Current Demographics

ver '()*** CFPprofessionals in +,-, andanother ./)***0 in 12 other territories

3(4 have a college degree

About 2'4 have a 5aster$s degree orhigher

ver '*4 also have insurance and6or

securitieslicenses

714 also have a CPA license


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rowthof the CFPCertication

')***8.)*** candidates ta%e e"am yearly5ore than 9)/** too% e"am in 1*77:umber of ;egistered Programs rose from.2 in 733/ to over 2** now


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=hat


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=hat

8


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Valueof the CFPCertication

!ducational process provides the nancial planning %nowledge needed to serve clients better @ resulting in increased client satisfaction and client retention

Career growth and enhancement/34 of CFPprofessionals indicated that CFPcertication has a positi(e impact on their

salary)compensation

Personal -atisfaction9'4 of CFPprofessionals reported being verysatisedB with their career choice1* +ould recommend CF$%certification to other financial

professionals


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Valueof the CFPCertication

Financial planning$s time has comeChanging demographics & consumer confusionConsumers need nancial planning advice nowmore than ever before

'(4 of consumers have never had a written nancial

plan

Consumers loo% for trusted advisors who will puttheir interests rst and are able to provide

advice on many facets of their nancesConsumers ran%ed CFPcertication second only tothe CPA license when as%ed which professionalcertication6license or ocial designation had the bestreputation for ethical conduct


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Career pportunities

Financial service rms such asbro%erage rms) insurance

companies and ban%s

Accounting rms

#outique nancial planningrms

:onprot organiations

Euman resource positions


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"ducation

5astery of more than 7** topics determined to be essential to

practice nancial planning @base

on e"tensive job analysis studies CFP #oard8;egistered Programs Challenge status @ CPA) CFA)

C+) ChFC) G,D,) Ph,D, in #usiness

or !conomics ?ranscript review @ college wor% or certain professional credential

5astery of nearly 7** topicsdetermined to beessential to practice nancial planning @ basedon e"tensive job analysis studies

?hree options for completion>

!ducation through CFP #oard8;egisteredPrograms

Challenge status @ CPA) CFA) C+) ChFC)

G,D,) Ph,D, in #usiness or !conomics?ranscript review @ college wor% orprofessional credentials Hlisted aboveI

"ducationCoursewor%

;equirement


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"ducation

Designed to enhance the %nowledge) s%ills andabilities of individuals see%ing to attain CFPcertication


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achelor#s Degree;equirement

#achelor$s degree Hor higherIrequired

Degree does not need to be innancial planning

Degree not needed to ta%e the

CFP Certication !"amination

#achelor$s degree requirement

must be completed within / yearsof passing the CFPe"am


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Assesses ability to apply nancialplanning education to client

situations in an integrated format

Developed through an e"tensivetechnical process involvingpractitioners at every stage

Jiven three times6year @ 5arch)Guly & :ovember

5ore than /* test sites aroundthe country

CFPCertication "$amination


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7*8hour) two8day e"am @ threeseparate sessions

About 19/ multiple choicequestions

5ajor case study in each session

-ample case study and questionson www%CFP%net

/*8'*4 pass rate H.(4cumulativeI

K/3/ e"am fee

CFPCertication "$amination


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2 years qualifying wor%e"perience

8 Personal delivery of all) or anyportion of) the nancial planning

process

8


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Pass CFP #oard$s FitnessStandards for Candidates andRegistrants

Agree to adhere to CFP #oard$sCode of Ethics and ProfessionalResponsibility, Rules of Conductand Financial Planning PracticeStandards

Disclosure of past or pendinglitigation or agency proceedings

K7** initial application fee

"thics ;equirement


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Continuing certication&ngoing Certication;equirements

Annual certication fee

2* hours of C! credit every 1 years

1 hours of pre8approved courses on CFP#oard$s Standards of Professional Conduct

Disclosure of any legal proceedings)ethics violations) pending disciplinarymatters or litigation within reportingperiod


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www%CFP%net'GetCertied

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