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
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?