LOOKING FOR CERTIFICATION COURSES IN FINANCE AFTER GRADUATION? THINK OF CFP
10 Aug 2016
After the completion of your graduation, you are looking for finance courses after graduation; why not go in for Certified Financial Planner Certification or CFP in short. It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. FPSB India is the principal licensing body that awards CFP Certification in India through an agreement with FPSB Ltd. CFP Certification is the highest level of Certification worldwide in the field of Financial Planning. By passing the CFP Certification Examination, the candidate demonstrates that he/she has the required level of competency to practice Financial Planning.
Let us get to know the four steps on how to become a Certified Financial Planner:
Education: The candidate must complete a registered program at an accredited institution of higher learning. In addition, the candidate must have a bachelor’s degree (any area of study) from an accredited college or university to carry the designation. If you do not have a college degree, but have finished the required education, you may take the exam, but you must obtain a degree within five years after passing the exam in order to be certified.
Examination: The CFP Exam is a rigorous, professional exam administered by the CFP Board and is given in approximately 50 sites 3 times annually (March, July, and November). Total time of the exam is 10 hours, over the two days. The emphasis of the exam is to determine whether the test-taker is able to competently apply their knowledge of Financial Planning.
Experience: A candidate needs to have to have 3 years of full time experience working with the public in some area which involves financial planning. It could be in handling investments, counseling people about their retirement, selling insurance, doing financial planning, preparing plans, presenting plans or teaching of same.
Ethics: Each CFP candidate in letter and spirit agrees to abide by the Board’s Code of Ethics, and further, agrees to the CFP Board’s right to enforce the code.
Any advisor who is found by the board to be involved in serious misconduct can be stripped of the designation.
So why do companies prefer Certified Financial Planner? Because survey says, the certification has had a positive impact on client trust, confidence with clients and technical expertise. Companies with CFP professionals attract 53% more clients than companies without CFP professionals. Finally, CFP professionals earn 26% than other financial advisors, adjusted for years of experience. So do you want to be in the creamy layer of financial sector, go opt for CFP.