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Certified Financial Planner Board of Standards

The certified financial planner board of standards (CFP) was founded on July 17, 1985. [1] Many financial planners get their certification through the CFP Board of Standards. In fact, the financial planners who become certified via the organization go through a very rigorous program to obtain that Board of Standards certification. They enforce educational requirements and exercise very strong enforcement of the CFP Board of Standards code of conduct.

The organization is a non-profit that commits itself to the well-being of the public. It fosters a number of professional requirements that each registered financial planner must abide by. As a matter of fact, agreeing to abide by the rules set forth by the organization is a part of becoming a certified planner through the Certified Financial Planner Board of Standards.

To show the prominence of the organization, the planner obtained accreditation form the National Commission for Certifying Agencies of the National Organization of Competency Assurance in 1995. This is a certification that was achieved because of the legal testing requirements and the integrity of the certification program that is offered. [1] And since then, the organization has continued to strive for the best for the public.

The CFP Board of Standards also has the ability to administer testing outside of the United States. It has created divisions within itself to ensure that those planners with certification maintain the integrity that is bestowed upon them. If they don't, they can have their credentials stripped from them. It is necessary to ensure that customers are getting the best out of their advisors.

Duties of Certified Planners

The Certified Financial Planner Board of Standards produces quality planners who are able to help their clients in a wide array of areas. The areas include actual investment planning, as well as answering simple questions. When you are looking for a good planner, you need to make sure they have a certification through the CFP Board of Standards because this tells you that they had to go through a rigorous program and that they are bound to a certain set of rules in order to be providing you with the services that they are providing you.

The planners that receive their certification through the CFP Board of Standards must show that they are worthy of the certification that they are receiving. They have to pass a rather strict test to make sure they have what is required of them to be great. Plus, it is the reputation of the organization because they have to make sure the individuals they are certifying are worthy.

From there, financial planners with certification from the Certified Financial Planner Board of Standards then provide their customers with good financial planning. They can help them in all areas of their lives. This includes helping them in their retirement plans. Good retirement planning can go a long way because that's a person's future. You want to make sure that your certified planner with certification from the Certified Financial Planner Board of Standards can help you with such accounts as your IRA. Maybe you have changed employers and you need help rolling over your Roth IRA because you want to keep contributing to this account that you have built for a long time.

Those with their certification from the Certified Financial Planner Board of Standards can also help individuals through the changes in their lives. Those changes can include parenthood and the expenses that it brings. Along with parenthood comes college, which can have some very expensive education expenses. This is one of the most expensive aspects of life that a parent can purchase for their child.

If you're looking forward to buying a home, you may find that it is good to have someone with a certification form the Certified Financial Planner Board of Standards help you create a plan that will make this possible. There are a lot of changes that take place in a person's life, so you need to make sure that the changes in yours are taken care of easily.

Finding a Certified Planner

The Internet has joined many financial planners and clients. Remember, you want to look at planners that have certifications with the Certified Financial Planner Board of Standards. You shouldn't expect anything less than this. When someone has a certification with the organization, that means they have what it takes to be handing such issues as your 401k.

So when you want a competent individual handling your affairs, you want someone with a certification with the Certified Financial Planner Board of Standards. That way you know that someone who knows what they're doing is taking care of your monetary well-being. Besides, most work on a fee-only basis, so that means you're not going to be paying someone who is only out for themselves.

[1] http://www.cfp.net/aboutus/mission.asp 08-07-2010

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