The Certified Financial Planner (CFP) professional credential was developed to differentiate planners who provide comprehensive, interdisciplinary planning from other professions, such as insurance agents or accountants, whose focus is narrower and reflects their particular area of expertise. CFP® candidates must complete a comprehensive university-level course of study covering all the disciplines in financial planning. Following completion of the education requirement, candidates must pass a 10-hour examination that tests their ability to apply financial planning knowledge in an integrated format. The exam covers all aspects of financial planning including:

  • Investment management
  • Insurance
  • Tax planning
  • Retirement and Estate planning
  • Ethics

The examination emphasizes practical applications in case scenarios to test the ability of the candidate to integrate concepts and information from all disciplines. CFP certificants must adhere to a code of ethics and standards of practice and complete 30 hours of continuing education every two years.