How to Choose a Planner
Why Choose a CFP® Professional
Most people think all financial planners are “certified,” but this isn’t true. Just about anyone can use the title “financial planner.” CFP Board benefits the public by independently certifying financial planners. Although CFP Board does not guarantee their work, CFP® professionals have met rigorous qualifications for financial planning. Only those who have fulfilled CFP Board’s rigorous requirements can call themselves a CFP® professional.
As part of their certification, CFP® professionals commit to high ethical standards. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can call themselves a CFP® professional.
The CFP® Professional Difference
Your Interests should come first
Working with a CFP® professional can help you find the path to achieving your financial goals. Your goals may evolve over the years as a result of shifts in your lifestyle or circumstances such as an inheritance, career change, marriage, house purchase or a growing family. As you begin to consider how best to manage your financial future, you should feel confident knowing that with a CFP® professional, you’re working with someone who has committed to CFP Board, as part of their certification, that they will act as a fiduciary, and therefore, act in their client’s best interests, at all times when providing financial advice to a client. CFP Board doesn’t guarantee a CFP® professional’s services, but CFP Board may sanction a CFP® professional who does not abide by this commitment.
What Sets a CFP® Professional Apart
When you hire a CFP® professional, you work with an advisor who has met rigorous qualifications for financial planning. Most important, a CFP® professional has made a commitment to CFP Board to act in the best interests of their client.
| Financial Planner Without CFP® Certification | CFP® Professional |
|---|---|
| It’s easy for someone to call themselves a financial planner. | Meets requirements established by CFP Board. |
| May not be required to put your best interests first. | Makes a commitment to CFP Board, as part of their certification, to place your best interests first. Can receive sanctions from CFP Board, and even risk losing their certification, for violations of ethical standards set by CFP Board. |
| Level of financial planning knowledge varies. | Has demonstrated the knowledge required to deliver holistic financial planning. |
| Years of experience varies. | Must have a minimum of 2 years of financial planning experience. |
What Makes CFP® Professionals Different
When you choose a CFP® professional, you can be assured that you’re working with a financial advisor who has demonstrated competency and made a commitment to ethics. CFP® professionals must successfully complete a multi-year, multi-step process to obtain the skills and real-life experience they need to serve your best interests, no matter what your financial goals are.
Learn more about the certification process for becoming a CFP® professional
education
CFP® professionals have the knowledge required to deliver holistic financial planning services, and they must fulfill continuing education requirements.
EXAM
CFP® professionals must pass the CFP® exam, which tests their ability to apply financial planning knowledge to real-life situations and ensures that they are highly qualified to help you plan for your financial future.
Experience
CFP® professionals have at least 2 years of real-life experience providing financial planning services.
ETHICS
CFP® professionals commit to follow a code of ethics and standards set and enforced by Certified Financial Planner Board of Standards, Inc. (CFP Board). They can receive sanctions for not abiding by them, and even risk losing their certification.
A CFP® professional is your coach, partner and guide
View "CFP® Professionals – Working for You"
Learn about how a CFP® professional’s commitment to uphold the Code of Ethics and Standards of Conduct can benefit your plans for a confident and secure financial future.
Working with a CFP® professional provides peace of mind, as she or he is trained to guide you through the daunting process of pulling your financial life together into a clear picture.
Daniel Forbes
CFP® Professional
FInancial planning tools
Resources for Working With a CFP® Professional
What does the process look like? What do I need to prepare? What’s the right time to reach out? Here are some helpful resources to ensure you get the most out of working with your CFP® professional.
When You Should Make a Plan
You don’t need to wait until you have a lot of money to create a financial plan. You can benefit from some level of financial planning at any life stage.
The Financial Planning Process
Learn what to expect when you're working with a CFP® professional, at every step of the process.
10 Questions to Ask Your Financial Advisor
Ask these questions at your first meeting with a CFP® professional, or send them in advance so the advisor is ready to address them when you meet.
Checklist for Your First Visit
Here's some of the key financial information to gather in advance so your CFP® professional can start to understand your current situation.