CERTIFIED FINANCIAL PLANNER™
Jenn & Robert Sokolowski, CFP® earned their designations in 2020 and have been practicing financial planning for 5 years. CERTIFIED FINANCIAL PLANNER™ professionals have to complete the 4 E’s in order to earn their CFP® designation. The 4 E’s are Education, Examination, Experience, and Ethics.
Education: There are a total of 7 college-level financial planning classes that must be completed covering topics such as Income Tax Planning, Estate Planning, and Retirement Planning. A bachelor’s degree is also required.
Examination: The CFP® exam is a tough 6-hour exam covering 8 principal knowledge topics of financial planning and generally has a pass rate between 60-65%.
Experience: Candidates for CFP® certification must typically have 6,000 hours of financial planning experience.
Ethics: The CFP Board conducts a background check of each candidate to ensure CFP® certificants are held to a high ethical standard.
All CFP® professionals must complete 30 hours of continuing education every two years in order to maintain the certification.