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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:

  1. Meet FPSB requirements to competently provide a client with personal financial planning recommendations as a result of using the personal financial planning process.
  2. Possess general characteristics innate to all professionals practicing a particular discipline, along with specific characteristics required for the competent practice of financial planning.
  3. Complete appropriate education requirements in FPSB’s body of knowledge for personal financial planning.
  4. Complete appropriate examination requirements in FPSB’s body of knowledge for personal financial planning.
  5. Complete appropriate work experience requirements in the personal financial planning process.

CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP are trademarks owned outside the United States by Financial Planning Standards Board Ltd.
Financial Planning Standards Board Ireland Limited is the marks licensing authority for the CFP Marks in the Republic of Ireland, through agreement with FPSB.

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or in part on copyrighted materials owned by Financial Planning Standards Board Ltd. and Certified Financial Planner Board of Standards Inc. and are used with permission.
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