Become a Certified Financial Planner

Video Transcript

"OK so how to become a certified financial planner or a CFP. Certified financial planner is not just a normal adviser or someone who is doing financial analysis or investing for someone, a certified financial planner is actually sort of the next level. A certified financial planner requires a number of different things. One, you need at least 3 years experience advising, investing, planning, doing financial planning for people, actually being in the profession. You need a bachelor's degree. The bachelor's degree they do have it coming up where you can if you haven't finished your degree, you're starting this young, you can finish the degree within 5 years of taking the exam and that's really the third and biggest part is really taking the certified financial planner's exam. The CFP exam most people spend about a year studying and then there's a general sitting, you want to plan for a full day of examinations but once you have that designation, you become very valuable in the consumers eyes. You'll find that the different statistics have been done but the board of certified financial planners, they show between 85 to 98% of clients out there really value having that designation so if you're looking at not just being maybe an adviser or planner in an informal sense, but really having the formal designation behind your name, a CFP may be worth your time and effort. It does add some value to your credentials."