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What is a CFP® Professional?

You may know that it stands for CERTIFIED FINANCIAL PLANNER™ practitioner, but what does that mean? What is a CFP® professional?

A CFP® certificant is a financial professional who has met the professional standards set forth by the CFP Board. We’re trained to objectively assess a person’s financial status, identify opportunities, and recommend appropriate options. A CFP® professional has expertise in several areas of financial planning, including investment planning, income and estate tax planning, risk management, and  retirement planning—our area of focus at Deering Wealth Team.

A financial professional must meet the requirements of the Certified Financial Planner Board of Standards in order to receive the CFP® mark. Others may call themselves financial planners, but only those who demonstrate the education, experience, and ethics of the CFP® Board are awarded the CFP® mark.

A CFP® Professional is Qualified

Anyone wishing to obtain the CFP® mark must meet the following requirements:

  • Bachelor’s degree from an accredited college or university
  • CFP® Board-registered education program completion
  • At least three years of qualifying full-time work experience in financial planning
  • Passing grade on the 10-hour CFP® certification exam
  • Passing grade on a professional fitness standards and background check

Once a financial professional has completed these objectives and earned their CFP® mark, they must meet continuing education requirements every other year in order to maintain the certification.

A CFP® Professional Can Help You

A CERTIFIED FINANCIAL PLANNER™ can help you create a personal budget, control expenses, and develop and implement plans for retirement, education, and wealth preservation. A CFP® professional provides expertise in risk management, including strategies involving life, health, and long-term care insurance. A CFP® professional can also help with tax planning and managing asset portfolios.

A CFP® professional can help with the following:

  • Evaluating a person’s financial well-being with a thorough analysis of their assets, income, liabilities, investments, taxes, and insurance
  • Identifying areas of concern and developing and implementing a financial plan to address those concerns
  • Establishing personal and financial goals and creating a plan to achieve them
  • Reviewing the established financial plan periodically to accommodate changing financial goals and personal circumstances

The financial world has become very complicated, but a CFP® professional can help you navigate the complexities of achieving your financial goals, including saving for college, retirement planning, and wealth preservation. If you’ve been managing your own financial affairs, it might be time to consult a CERTIFIED FINANCIAL PLANNER™ professional to lift that burden off your shoulders and assist you in pursuing freedom.

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