New CFP Requirement

According to InvestmentNews, those looking to take the CFP exam will have a few more hurdles to jump through to get that prestigious title.

Candidates will have to take a three-credit course, equivalent to 45 hours of class work, on how to prepare and present financial plans, before they can qualify to take the board’s 10-hour exam. – March 15 issue of InvestmentNews

Picture from DHester

According to Charles A. Moran, chairman-elect of the CFP Board, “Students will have to develop and present a financial plan,” in order to receive the title of a Certified Financial Planner.

As I’ve mentioned before (Herb Kohl and the Impact of his Recommendation), I am in the process of working toward a degree in finance and financial planning with the hopes of getting my CFP.  While I am disappointed to see this increase to receive my CFP, it will make it even more of a unique title to have with such a standard.

What do you think?

If you are a Certified Financial Planner already:

  • Are you glad that you didn’t have to take part in this, on top of the 10 hour exam?
  • What do you wish the exam had that you’ve encountered in real-life?

If you are waiting to get your CFP, what are you waiting for?


About Zach Younkin

I'm currently enrolled at Western Governors University, pursuing my degree in Accounting. I'm hoping that this blog provides you with some encouragement to be what God has promised you. This blog collects dust, which is unfortunate. Keep your eyes open for some sporadic blog posts. I spend more time on Twitter, so go follow me there. @zachyounkin
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3 Responses to New CFP Requirement

  1. Pingback: Tweets that mention New CFP Requirement | College for 10k --

  2. Dang, what a burn. That said, if you think long term, this is a great requirement to make you a better CFP since presentation skills is crucial to client communication.

    When do you plan to take it Zach?
    My recent post The Mental To Physical Connection For A Healthier Lifestyle

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