We’re very proud to announce that Jennifer Hicks became a Certified Financial PlannerTM professional two weeks ago on December 21. This was always destined to be a big day, representing, as it did, both the Winter Solstice and the end of the Mayan calendar but we’re particularly happy with the way it manifested itself in our lives.
To obtain certification, a planner must have satisfied the CFP Board’s “Four Es” – Education, Examination, Experience, and Ethics. Specifically, candidates must hold a bachelor’s degree and must have completed a CFP Board-approved education program covering 78 financial planning topics. After the education requirement is complete, candidates sit for a 10-hour exam administered over the course of two days. They must then accumulate three years of full-time practice experience (two years if under the direct supervision of a CFP® practitioner) and complete an ethics certification, which includes an inquiry into the candidate’s background and agreement to adhere to the CFP Board’s Code of Ethics. To maintain certification, a CFP® professional is required to complete at least 30 hours of “Continuing Education” credits every two years.
CFP® licensees are held to a fiduciary standard, which requires them to act in utmost good faith in a manner that is in the best interest of their clients.
Over its now 40-year history, the Certified Financial PlannerTM marks have emerged as the dominant professional standard in the United States and, through the Financial Planning Board of Standards (FPSB), in 22 other countries as well.