A financial planner consults, educates and guides clients in making decisions regarding present and future financial and investment matters that might involve mutual funds, life insurance, IRAs, retirement plans and other investment instruments.
Those with a bachelor's degree or equivalent professional experience may enroll in a certificate program in financial planning. These individuals may acquire the knowledge needed to sit for the Certified Financial Planner Professional (CFPP) examination, which is administered by the Certified Financial Planner Board of Standards, Inc.
The certificate program should ideally cover all topics that applicants are tested on in the exam, like investment return measurement and retirement investment strategies. This exam must be completed within 5 years of earning the bachelor's degree.
Certificate Programs in Financial Planning
Topics in the financial planning certificate program cover general and specialized areas of financial services.
- Estate planning
- Tax planning
- Retirement planning
- Financial investments
Professional Certification Information
An applicant is eligible to sit for certification as soon as he or she has satisfied the education requirements, according to Certified Financial Planner Board of Standards, Inc. Other requirements include work experience, a bachelor's degree in any discipline, an application fee and successful completion of the capstone program.
Employment Outlook and Salary Info
While some financial planners are self-employed, they also work for various firms and organizations, such as banks, corporations, law firms, insurance companies and financial services firms. The median salary of a personal financial advisor was $89,160 as of May 2015, according to the U.S. Bureau of Labor Statistics (BLS, www.bls.gov). The BLS reported that employment in the field of personal financial advising is expected to rise by 30% from 2014-2024.
For those with bachelor's degrees in related fields, certification programs are available in order to become financial planners. Once all requirements set forth by the Certified Financial Planner Board of Standards, Inc are met, an individual is eligible to sit for the CFPP exam.