In October 2019, I started the CFP® certification process and finished last month. I wanted to walk through my experience in case it’s useful for others.
CFP® certification is a four-step process. It involves the “4 E’s”: education, exam, experience, and ethics. The bulk of this post will cover the first two. For more in-depth info, I recommend the CFP Board site.
The education requirement includes a bachelor’s degree and completing the certification coursework. The coursework is seven courses in total: financial planning, insurance planning, income tax, retirement needs, investments, estate planning, and a comprehensive case analysis. With the right credentials, you can bypass the first six and only take the last course. I wasn’t so lucky.
The CFP Board makes it easy to search for colleges that offer the courses. I originally went with an in-person classroom format. The main reason is that I’ve been out of “school mode” for quite a while and thought it would be a better learning environment. I took the introductory course through Northwestern University. Continue Reading…