Question

Do any of you plan to go on and sit for the CFP exam? Please find the Open Educational Resources websites under Course Information. Find the CFP Board website. What are the requirements to hold the CFP designation? What is the benefit of getting this designation? How does the board benefit the public?

Answer 1

Certified Financial Planner

One of the global financial coursed that can be done under a $1,000.

In order to be eligible for CFP you need to have the following TWO requirements
First, complete college or university level coursework from a CFP Board affiliated program addressing major personal financial planning areas.
Second, prove that you have completed your bachelor's degree or higher certification.
The catch is that the coursework must be completed before you attempt the CFP exam and you'll be allowed to obtain your bachelor's degree within 5 years from qualifying the exam.

Additionally, you will also need to have three years full time professional experience or two years apprenticeship experience as necessary.

BENEFITS
-It is globally recognized in over 30 major countries of the world so will give you an edge if you want a foreign job.
-It is also the best degree to get you in the field of financial planning where your job will be to give financial advise to people to help plan their retirements.
-The American population is quite young averaging closer to 35 years. They all need financial planning. Currently there aren't enough CFPs. Getting a CFP certification will land you a sure shot high paying job.
-Many CEOs describe CFP certification as a premium.
-You could also explore your entrepreneurial side by establishing your own advisory firm.

Well the Board has the following mission
-They want to ensure ACCOUNTABILITY by making things transparent and by holding the professionals to very high standards.
-They also have a mission to serve as the AUTHORITY for the profession and by advancing the center for Financial Planning.