by Leigh Goodwin

Created on: March 15, 2009   Last Updated: March 20, 2009

How to Become a Certified Financial Planner (CFP)

According to ONET- Occupational Information Network at http://online.onetcenter.org/, financial services jobs will remain in demand. Right now and in the coming years is as good a time as any to get involved in this field. With the routine downturns in the economy at one time or another, there is always a need for sharp financial planners. Not all financial planners are certified but a certification will most surely increase your employability and credibility.

Nearly anyone can become a certified financial planner. The planners who will succeed and do their clients the most good will not only become certified in financial planning, they will become professionals who are trustworthy, practice sound financial habits and demonstrate reliable life practices.

The Job

Financial planners and advisors routinely advise clients and users with their expertise and services on financial issues that range from tax planning, investment analysis, cash flow, insurance, real estate and retirement. Financial planners are hired to help clients make sound financial choices and decisions based on facts, the economy and prudent financial education.

The Road to Certification

The road to certification can take anywhere from 2 to 4 years or more. Many independent organizations provide the education needed and the examinations which lead to certification.

The typical protocol is to study for 6 months to a year then take qualifying examinations. Passing some tests and having previous experience can also help planners meet qualifications to become members of professional organizations.

You can also apply directly to companies like Morgan Stanley and Charles Schwab for entry level positions in financial planning. If you are a good fit for the company and pass an entrance exam you can be accepted into a training program.

You can work for a company or you can work for yourself. It's common for financial planners to be become self- employed sole proprietors or start their own corporations and be highly successful.

Some financial planning titles include: Certified Financial Planner, Asset Manager, Estate Planner, Financial Counselor, Tax Advisor, Benefit Specialist, Divorce Financial Analyst, Chartered Financial Analysts, Financial Analyst, Investment Management Consultant, Investment Management Analyst, Health Underwriter and Financial Gerontologist.

Most traditional universities and community colleges offer financial planning courses and degree programs.

• 1
• 2
• 3
• Next Page >>