So what is the difference between a certified financial planner and any normal financial planner? There is indeed a big difference. It’s easy for anyone to claim that he/she is a financial planner but not everyone can claim to be a certified financial planner unless they are certified from the Certified Planner Board of Standards.
The first step towards becoming a certified financial planner is getting a minimum of a bachelor s degree from a reputed college in the country. Many people might not know that you have to study and master integrated financial planning; you actually have to study 100 topics on this. So beware; it will not be a cake walk. The exam you have to pass, to become a certified financial planner might not be all that easy either. It has 10 hours worth of multiple choice questions. The case problems in the exam will test on your ability and talent to use your knowledge in a situation that calls for use of financial planning. So it is not something that you could merely pass because you study, but you all need to have a bunch of practical skills.
Every certified financial planner has extensive knowledge on how to tackle a client’s needs no matter how small or big they are. A certified financial planner in short should be a real expert on the subject of finance in general.
With the recession and the inability of financial planners to predict the crisis and take steps to avoid it people seem to have somewhat lost faith in financial planners in general. Therefore, you may want to re-think pursuing this career right now. So maybe there ought to be more foresight and transparency in financial liaisons and as experts on this discipline certified financial planners should be very much required in this effort to produce a better, more safe financial system.
You must log in to post a comment.