CFP Certification Competency Standards
A CERTIFIED FINANCIAL PLANNER™ professional must demonstrate and maintain competency throughout his or her career as a personal financial planner to be able to use the CFP marks. A CERTIFIED FINANCIAL PLANNER professional is required to:
- provide personal financial planning accurately and in the best interest of clients;
- advise clients and present recommendations across a broad range of financial disciplines;
- make sound judgments in ambiguous or complex situations; and
- function effectively as a professional with clients, potential clients, peers and others.
To demonstrate competency as a professional capable of using the six-step personal financial planning process when advising clients, a CERTIFIED FINANCIAL PLANNER professional must:
- Meet FPSB requirements to competently provide a client with personal financial planning recommendations as a result of using the personal financial planning process.
- Possess general characteristics innate to all professionals practicing a particular discipline, along with specific characteristics required for the competent practice of financial planning.
- Complete appropriate education requirements in FPSB’s body of knowledge for personal financial planning.
- Complete appropriate examination requirements in FPSB’s body of knowledge for personal financial planning.
- Complete appropriate work experience requirements in the personal financial planning process.