What Is Personal Financial Planner Certification?

Video Transcript

"Certified financial planner certification, that is an educational designation. It is equivalent, well, to an MBA, it's equivalent to a BA or MS PhD. All of those educational designations indicate to people that the person that's gotten that designation has been through a educational class to give them tools and methods to practice a particular profession. In the case of certified financial planner, that was started around it was in the mid 80s when a educational outfit got together and said, "We're going to form an organization that's going to certify people that have been through these classes and that have passed this test and be able to give them a way of demonstrating to the world that they have a certain amount of activity knowledge of what goes on as a financial planner." Along, along with you, you'd have to have a certain amount of know-how, meaning know how to take this information and apply it, and that's part of what the test is about."