Home > Glossary > Cfp certified financial planner

CFP (Certified Financial Planner)

Certified Financial Planner (CFP) is a professional certification for individuals who provide personal financial planning services. Awarded by the Certified Financial Planner Board of Standards, the CFP designation requires passing a comprehensive exam covering financial planning, retirement, taxes, estate planning, and investment strategies. CFPs are also required to meet specific education and experience criteria and adhere to a code of ethics.

Example

A CFP advises clients on managing their investments, planning for retirement, minimizing taxes, and preparing for major life events such as buying a home or funding education.

Key points

• The CFP designation certifies expertise in financial planning, investment strategies, and retirement planning.

• CFPs must pass a comprehensive exam, meet education and experience requirements, and follow a code of ethics.

• CFPs help clients create personalized financial plans to achieve long-term goals.

Quick Answers to Curious Questions

It signifies that a financial planner has the expertise and ethical commitment to provide comprehensive financial planning services, covering areas like retirement, taxes, and investments.

Candidates must complete specific education courses, pass a comprehensive exam, meet work experience requirements, and adhere to a code of ethics.

CFPs provide services such as financial planning, investment advice, retirement planning, estate planning, and tax strategies.