When you look for a doctor to provide care for you and your family, what qualities do you look for? Most answers are probably the same: you want someone who has a good deal of experience, who is well-educated, and who is constantly devoted to learning more about their field of expertise. Having those qualities helps you trust the person providing you care.
When it comes to hiring a financial advisor, we think the same qualities apply.
Your financial advisor should be someone who is experienced, well-educated in financial planning, and devoted to their practice. Having these qualities can help increase confidence that your nest egg and your financial dreams are in good hands.
A Certified Financial Planner Can Provide You Expertise and Experience
One of the immediate benefits you receive when working with a CFP is the assurance that they’ve completed rigorous coursework in retirement and financial planning and are devotees to the field.
For people who want to go to school for a degree in retirement and financial planning, they go through the process of becoming a Certified Financial Planner. Receiving the CFP designation is hard work and takes dedication to achieve, and it provides a financial advisor with the tools needed to serve their clients’ best interests.
The Education Requirement for Certified Financial Planners
Becoming a CFP is hard work and takes dedication:
1) You must hold a bachelor’s degree or higher at an accredited college or university; and,
2) You must complete college or university level coursework through a program registered with the CFP Board, addressing major personal financial planning areas.
Requirement #2 sets a CFP apart. In coursework that typically takes between 18 and 24 months to complete, a financial advisor seeking the CFP designation must complete classes in general principles of financial planning, insurance planning, investment planning, income tax planning, retirement planning, estate planning, and fiduciary responsibility.1
Speak with One of WrapManager’s Certified Financial Planners
To speak with one of our Certified Financial Planners, simply give us a call at 1-800-541-7774. Some CFPs charge by the hour for services provided. We would be happy to have a conversation with you about your investment plan and to run an analysis for you at no charge.
By Seton M. McAndrews, CFP®
Seton is a CERTIFIED FINANCIAL PLANNERTM professional and Vice President of Investments at WrapManager, Inc.
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