CFP FAQ

A Certified Financial Planner (CFP) is a financial professional trained to offer guidance in areas such as investment management, estate planning, retirement planning, tax strategies, and risk management for a broad range of clients. CFPs help individuals and families create comprehensive, long-term financial plans designed to support lasting financial well-being. They evaluate clients' needs across areas such as investments, healthcare costs, education funding, savings objectives, and retirement readiness.

Whether helping a family save for college or advising a high-net-worth individual on estate and business succession planning, CFP professionals are equipped to provide strategic financial guidance on a wide variety of financial matters.

To become a CFP, candidates must pass an intensive, six-hour exam with the following fee structure:

Along with the exam, candidates must also complete coursework in financial planning through a CFP Board-approved program. These programs are often available online or through accredited universities, like the American College of Financial Services. These courses can range between $3,000 and $7,500. In some cases, an employer can pay for all or part of the expenses related to the certification application. Some candidates may be able to take an accelerated education path at a lower cost if they already hold a CPA or other financial planning credential.

Other costs include a $250 one-time application fee (paid with the initial certification fee) and related educational costs to fulfill the bachelor's degree requirement.

CFPs can take on a variety of client-facing roles that involve financial planning and advising. Some common job titles include:

Within these roles, CFPs use their expertise to develop comprehensive financial strategies, optimize tax savings, manage investments, and use market data to make informed recommendations.