Financial Planner Qualifications
Almost all financial planners have entered the career by becoming a Certified Financial Planner (CFP). Qualifications for taking the certification exam include holding at least a bachelors degree. There are no requirements for the type of degree you must have obtained, but fields such as business, economics, finance, law, and mathematics are most related to the career. Courses in tax planning, asset allocation, risk management, retirement planning, and estate planning will be most beneficial to the type of work finance planners deal with on a daily basis. The CFP exam lasts ten hours and covers all aspects of financial planning, particularly tax law.
You will need to be skilled with numbers and have strong analytical abilities in order to be a successful financial planner. Since you will be dealing with clients much of the time and doing your best to earn their trust, good communication and interpersonal skills are also important qualifications.
Education alone cannot qualify you for the CFP exam. You will need at least three years of experience in financial planning. A job in direct support or supervision of financial planners or experience teaching financial planning will qualify towards the exam requirements. A two-year apprenticeship under the direct supervision of a Certified Financial Planner may also satisfy the requirement.
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