This video was super informative. Thank you so much!!
@solominded Жыл бұрын
Id love to become one, but holy heck is it a lot of red tape... I can't even figure out where to start. The colleges make it way to complicated to find a starting point.
@Perlsamore7 ай бұрын
Excellent video, keep up the good work!
@othellosson1621 Жыл бұрын
Great presentation! About how long does it take to reach that goal?
@watchnerd Жыл бұрын
I've always been interested in personal finance, and after a few (successful) decades in high tech and now semi-retirement in my early 50s, am considering embarking on CFP as a second career. Given the work requirement, is it too late in life? Where would one start for entry level experience?
@seetheforestthroughthetrees Жыл бұрын
It's never too late, and your life experience I am sure gives a different perspective. And the educational requirements will give you great knowledge about personal finance no matter what you do. IMO One of the best ways to get the experience requirement is to apply for jobs with RIAs that are looking for paraplanners. Good luck!
@jredpichay Жыл бұрын
I have a bachelor’s degree in nursing from 1996. Will my BSN count?
@d.c.diprince95067 ай бұрын
@3:37 "you must have a bachelors degree from an accredited university". What field of study must your bachelors degree be in?
@seetheforestthroughthetrees7 ай бұрын
To my knowledge the degree can be any field of study.
@isaiah_b_37983 ай бұрын
@@seetheforestthroughthetreesthe bachelor degree requirement can be waived for ten years of work experience in financial planning.
@luigiinfigi7644 Жыл бұрын
What duty differences do you have compared to a normal financial advisor?do they still remain working and having the same designated areas under the same organisation as a normal financial advisor? Or do they get different jobs in the industry as a higher rank?
@seetheforestthroughthetrees Жыл бұрын
Often, added designations like this one enhance your knowledge and marketability. The designation is often a requirement for certain positions but not always.
@liumengyuan39232 жыл бұрын
What will be considered a relevant work experience? I got my LLQP license and work as a financial advisor in an insurance brokerage company for over 3 years. Does that count? Thanks!
@seetheforestthroughthetrees2 жыл бұрын
Great question. Here is a great resource to determine what relevant experience is. www.cfp.net/get-certified/certification-process/experience-requirement
@indi310119 күн бұрын
I m 36 years old , i hv no experience in finance or accounting, I hv 4 years degree in mathematics and love to learn financial planning ( felt kind of good at money management)nd pursues career as cfp,,, am I too late bcz I can’t do 4 years bac degree again ,,, is there any way thanks
@wealthNmotion6 ай бұрын
Looks like a designation intended for people to start young base on the hours of education (bachelors degree) and work experience required. 😢
@seetheforestthroughthetrees6 ай бұрын
Yes, but not always. If you already have five years of experience in a related field you satisfy that requirement. Then you just need to pass the exams.
@davidromero9481Ай бұрын
The cfp is pretty easy as well lol. Tk for the video
@seetheforestthroughthetrees28 күн бұрын
Happy to! The CFP has had a pass rate pretty consistently in the low to mid 60s. I don't think the goal of the exam is to keep people from getting the marks, and have a high failure rate. I think the goal is to have a profession that can show a higher level of financial planning competency, than the "general financial advisor". Here is a link to the pass rate since 1991: www.cfp.net/-/media/files/cfp-board/cfp-certification/exam/historical-stats.pdf?la=en&hash=1CA6555342571EA8BA3F2779890EF645
@RaghavendranChandran2 ай бұрын
Is the Chartered Wealth Manager different from a CFP?
@justineburgos42065 ай бұрын
Is it ok if you already have the bachelors degree and go for the CFP after? I graduated last year with my bachelor’s in Finance and I want to become a financial planner.
@seetheforestthroughthetrees5 ай бұрын
Yes, that is completely fine. That's how I attained it.
@xGxAxBxBxO9 ай бұрын
Where I find free study material?
@adamcbeck Жыл бұрын
Personally, I’d rather have a financial planner who has made millions of dollars for himself through investments and business. That’s credibility no amount of schooling, studying or testing can ever match.
@seetheforestthroughthetrees Жыл бұрын
Interesting, and generally I agree with you. There is no substitute for life experience. For example CFP's like myself who own a business, and started it from scratch, understand business owners better than CFPs who are W2 employees at a bank. That's just my opinion, but until you walk in the shoes over a business owner, it's tough to understand. So I agree on that front. But, often, newer CFP's learn by working in a team approach with other successful CFPs and may not have the investments or businesses yet. That doesn't mean they should give up. That means they should keep doing and keep learning. And, just because someone has a successful business or is a successful investor, it doesn't mean they have the skills to teach or educate others on best practices. They also could have just gotten lucky. You remember Dogecoin Millionaire? Would you follow his advice because he was a "successful" investor in Crypto? (For about 9 months). What do you think?
@registerednursevideolibrar65907 ай бұрын
@@seetheforestthroughthetreesa very professional response. 🙂
@seetheforestthroughthetrees7 ай бұрын
Appreciate it! Cheers!
@AsadAhmadCPA4 жыл бұрын
Were you doing sales as part of your work? I understand that sales is a big part of being a CFP, is that true?
@seetheforestthroughthetrees3 жыл бұрын
Asad- The answer is it depends. Some planners just do planning and don't sell one bit. That is often an entry level planning position at a larger firm. I firmly believe that learning how demonstrate and "sell" the value you provide your potential client is an extremely important skill to learn and hone if you want to build your personal brand.
@charmainephasoana68503 жыл бұрын
@@seetheforestthroughthetrees why do we have to sell?
@seetheforestthroughthetrees3 жыл бұрын
In order to build a client list, a planner must be able to sell their expertise to potential clients.
@samdoral49275 ай бұрын
Great intro on CFP
@seetheforestthroughthetrees5 ай бұрын
Thanks for watching!
@openworld95042 жыл бұрын
Cfa or cfp whats better?
@seetheforestthroughthetrees2 жыл бұрын
@open world, it all depends. Like everything in finance, those two designations are wildly different. The CFA would be more important for purely investment management. The CFP would be more important for holistic financial planning. I would say that it appears FInTech is targeting portfolio construction, which may make the CFA less attractive in the future.
@openworld95042 жыл бұрын
@@seetheforestthroughthetrees thank you for your response
@LM-he7eb Жыл бұрын
cfa is way better. Financial Analyst do beyond portfolio construction. They help with mergers & acquisitions, help raise funds, underwrite shares, sell assets, help determine the most optimum way to invest. CFA lets you become an investment banker, asset manager, hedge fund manager, management accountant & wealth manager CFP helps you become a financial planner, financial advisor & wealth manager. CFA is harder to pass & are generally paid better
@tommyoshana89392 жыл бұрын
Could you make a video on CFP salary
@seetheforestthroughthetrees2 жыл бұрын
Hey @tommy oshana, thanks for watching. CFP salary varies quite widely depending upon experience and the type of responsibiilty you have.