
CollegeBoard International Student Certification of Finances 2016-2025 free printable template
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Hi there I'm Miranda Ryder a certified financial planner GO money.com thank you so much for being here and watching this video today I'm going to cover a question that I've gotten before, and it is what is a certified financial planner there's a lot of messages out there on financial advisors financial planners which one is who what's a CPA with a bookkeeper listen I know it's confusing, so I'm going to settle this right here and right now and let you know exactly what a certified financial planner is what they do and why you'd want to work with a certified financial planner alright so let me just say that a certified financial planner also known as a CFP is the most respected and recognized certification that a financial planner can have in this financial planning industry hands down about 17 percent of people that call themselves financial advisors are actually certified and here's how you can now go to CF p dot minutes which is the website of the Certified Financial Planning Board, and they have a search function you'll want to use the advanced search function so that you can search by name, but you can also search by zip code city state to figure out who is a certified financial planner in your area, and it's a really helpful website for other things as well so here's what separates certified financial planners from those who are not certified it's the for ease that's right the for ease the for East and for education experience examination and ethics, and I'm going to go through each one right now okay, so education has three prongs as a certified financial planner you have to at minimum have a bachelor's degree, so that's the first problem on top of that you have to have completed a CFP certified a board coursework which takes you through eight core areas it gives you very deep in-depth knowledge on these eight four areas insurance planning investment planning income tax planning retirement planning estate planning interpersonal communication professional conduct and fiduciary responsibility and the third prong to the education requirement is that once you become certified the education does not stop every two years you must complete at least 30 hours of continuing education in the financial planning field all right so moving on to examination so as you may know certified financial planners have to take a pretty rigorous exam it's an exam that is over the span of two days, and it lasts for ten hours, and it's on precisely those topics that I just mentioned those eight core areas test takers are expected to know over 100 integrated topics related to those eight core areas so about 60% of the people that take that exam pass it and are able to move on to the certification process so after examination then we have to take in consideration experience every single person who has a CFP or certified financial planning certification they have done financial plans for plants before can't get the certification without having provided financial...
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