Certified financial planner

A certified financial planner is a person who has been certified to develop financial plans for clients. These plans are based on the current financial condition of each client, as well as the client’s future expectations. In order to receive the certified financial planner designation, a person must pass a multi-part test that covers the following topics:

  • Principles of financial planning
  • Insurance planning
  • Employee benefits planning
  • Investment and securities planning
  • State and federal income tax planning
  • Estate, gift, and transfer tax planning
  • Asset protection planning
  • Retirement planning
  • Estate planning
  • Financial planning and consulting

In addition to the test, a person must also pass certain experience and education requirements, and pay an ongoing certification fee.