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Difference between a Financial Adviser and a Certified Financial Planner?
Wiki User
∙ 12y ago
Anyone can call themselves a financial planner since there is no licensing requirement. However a Certified Financial Planner (CFP®) has to have completed extensive education requirements, passed a grueling exam, have a minimum three years experience and must abide by the code of ethics of the CFP Board.
Additionally, a Financial Adviser is one who has extensive experience in financial planning, aside from being a certified financial planner.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoFinancial Coach helps us face/tackle financial crises but financial planner foresees the crises and helps us to avoid financial crises.
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What is Certified Financial Planner Board of Standards's population?
The population of Certified Financial Planner Board of Standards is 51.
What is an appropriate fee for a certified financial planner?
You can't define fees for certified financial planners because it depends on which type of financial planner you hire. There are fee-only planners as well as free financial planners, too.
How do you become a certified financial planner?
Certified Financial Planners are the ones who suggest or give advise to people regarding financial planning. If you wish to be a Certified Financial Planner or Adviser, you must have Bachelor's Degree(if it is focusing on Finance then it is much better), get a MBA in Finance(this is not really required but it will help you to have in-depth knowledge in financial topics, and this will typically take 2 years full time or 4 years part-time), and last but not the least, you must pass the CFP Certification Exam. Requirements depend in your state you are going to take the exam.
What's the difference between normal bonds and premium bonds?
Talk to a certified financial planner about which bonds are the best for your investment portfolio.
How does someone become a certified financial planner?
Someone can become a certified financial planner by getting a qualification from the CFP Board. One can apply to take the qualification exam online through their website.
How many Certified Financial Planner in India?
1570 as on march 2011.
What type of license is required to be a financial planner?
Currently, there is no special licensing requirement to become a financial planner. However, many financial planners earn a certified financial planning (CFP) or chartered financial consultant (ChFC) designation. To become a reputable financial planner in the US, you need to have a CFP Certification conferred by the Certified Financial Planner Board of Standards, Inc. (CFP Board), Financial Planners Standards Council in Canada, etc. depending on the country.
What steps does one need to take to become a certified financial planner?
One needs to take several steps to become a certified financial planner. The first and most important step is to go through a certified financial planner education regimen at some university. Next, one must pass the CFP exam administered by the CFP Board.
What is needed to obtain financial planner certification?
If one wanted to become a financial planner, one must obtain the proper certification needed. One would need to obtain the Certified Financial Planner (CFP) designation.
How can a certified financial planner help you keep the investment risk to a level that is comfortable for you?
A certified financial planner can definitely help you keep the investment risk to a level that you are comfortable with. Just brainstorm and discuss levels your threshold levels.
What do you call a service that will organize and pay your bills for you?
Having a Financial Adviser and Planner. They usually charge a fee for this service.
What does a financial planner certifiction do?
A certified financial planner can help you with your finances. If you yourself wants to become a CFP then there is schooling envolved. It may be a profitable buy for some but not for others.
