What is a CERTIFIED FINANCIAL PLANNER® Professional? The CFP® designation is internationally recognised as the benchmark for professional advice. Holders of this designation have met stringent qualification and competency requirements as well as abide by unequivocal ethical standards. This means that not only will you have peace of mind regarding the technical accuracy of the advice but also the integrity that underpins it.
Examination CERTIFIED FINANCIAL PLANNER® Professionals must successfully complete a comprehensive certification examination, at a Postgraduate level, which tests an individual’s knowledge on various key aspects of financial planning.
Experience CERTIFIED FINANCIAL PLANNER® Professionals must gain at least three years of financial planning-related experience before receiving the right to use the CFP® certification mark.
Ethics CERTIFIED FINANCIAL PLANNER® Professionals must voluntarily ascribe to FPI’s Code of Ethics and Professional Responsibility and additional requirements as mandated. CFP® practitioners who violate the code can be disciplined, including permanent loss of the right to use the CFP® designation.
Education CERTIFIED FINANCIAL PLANNER® Professionals must have obtained a B-Com Honours in Financial Planning or a Post Graduate Diploma in Financial Planning at one of the approved higher education institutions. All designated financial planning professionals must complete 65 hours of continuous professional development every two years to stay current in financial planning knowledge, including ethics.
Compliance in these four areas ensures you that an individual who holds the CFP® designation is well prepared and qualified to give sound, professional advice.
Why work with a CFP® professional. There are many brokers/advisors/consultants in the industry of financial services that purport to offer advice. Out of nearly 100 000 registered representatives licensed with the Financial Services Board, only around 4600 of these are CFP® professionals.
With regulatory landscape surrounding financial matters constantly shifting and at a time of global financial turmoil, seeking out an expert to navigate you through these uncertain times is vital.
Copyright © 2012 The Financial Planning Institute of Southern Africa NPC