People seem to imagine that certified financial planners are people who specialize in helping with business strategy and managing finances in big firms like huge multinationals. But the truth us, certified financial planners are essential for lay people to get over everyday financial problems. The most common types of assistance given by a certified financial planner is at returement planning and general financial planning for households and home businesses.

certified financial planners

So, is there a marked difference in a certified financial planner and a normal finance guy? The difference can indeed be huge. Anyone can make the claim that he/she is a financial planner. But only a person certified by the Certified Planner Board of Standards can be considered to be a certified financial planner.

The first step towards becoming a certified financial planner is getting a minimum of a bachelor s degree from a reputed college in the country. Many people might not know that you have to study and master integrated financial planning; you actually have to study 100 topics on this. So obviously the path is not all flowery and easy. The exam that you need to pass in order to qualify as a certified financial planner is a tough ride too. It has 10 hours worth of multiple choice questions. The case problems in the exam will test on your ability and talent to use your knowledge in a situation that calls for use of financial planning. So to get through the exam and become a certified financial planner you should have both the necessary academic knowledge and also practical skills.

certified financial planner cfp

Every certified financial planner has extensive knowledge on how to tackle a client’s needs no matter how small or big they are. A certified financial planner in short should be a real expert on the subject of finance in general.

certified financial planner

With the recession and the inability of financial planners to predict the crisis and take steps to avoid it people seem to have somewhat lost faith in financial planners in general. This might not be very good news to all financial planners, certified financial planners included. So maybe there ought to be more foresight and transparency in financial involvements and as experts on this domain certified financial planners should be very much asked in this attempt to create a better, more healthy financial system.

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This entry was posted on Tuesday, November 24th, 2009 at 6:57 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.