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Certified Financial Planner™ professional - TidBit Tuesday Thumbnail

Certified Financial Planner™ professional - TidBit Tuesday

Tid-Bit Tuesday

Tid-Bit Tuesday - Certified Financial Planner™ professional

I earned the CERTIFIED FINANCIAL PLANNER™ professional designation from the Certified Financial Planner Board of Standards Inc in April of 2019.

Why CFP® Certification


For more than 30 years, CERTIFIED FINANCIAL PLANNER™ certification has been the standard of excellence for financial planners. CFP® professionals have met extensive training and experience requirements, and commit to CFP Board's ethical standards that require them to put their clients' interests first. That's why partnering with a CFP® professional gives consumers confidence today and a more secure tomorrow.

source: https://www.cfp.net/why-cfp-certification/the-standard-of-excellence


CFP® professionals take a holistic, personalized approach to bring all the pieces of your financial life together. As part of the CFP® certification, CFP® professionals also have made a commitment to CFP Board to act as a fiduciary when providing financial advice to a client. This means they have agreed to put your best interests first, so they can provide you confidence today and a secure tomorrow.

source: https://www.cfp.net/why-cfp-certification/the-standard-of-excellence

If you look at the below statistics, CFP® professionals make up a ratio of roughly 1 to 4 versus Investment advisor representatives.  


Certified Financial Planner Board of Standards, Inc. today announced strong increases in the number and diversity of CFP® professionals in 2021, with record numbers of new women, Black and Hispanic CFP® professionals. The significant milestones support the CFP Board’s goal of increasing the public’s access to competent and ethical financial planning, which is exemplified by financial planners who hold CFP® certification. As of December 31, 2021, the number of CFP® professionals reached an all-time high of 92,055, an increase of 3.8% over 2020 numbers.

Source: https://www.cfp.net/news/2022/01/cfp-board-surpasses-92000-cfp-professionals-increases-gender-and-racial-diversity-of

Securities Industry Registered IndividualsFINRA Census data for the 2019 Year-End reported that there were 690,188 Registered Individuals. This Total contains support staff as well as though that are licensed to give Financial Advice. As a comparison, if we take only those registered as Investment Advisor Representatives(IAR) (Dual Registered and IAR only) we get a total of 361,191 Individuals registered to give investment advice (295,677 Dual Registered and 65,514 IAR only).

Source: https://www.finra.org/rules-guidance/guidance/reports-studies/2020-industry-snapshot/representative-data