Credential Guide
CFP

What Is a CFP®?

Certified Financial Planner
01

Overview

The CFP® designation is widely considered the gold standard for comprehensive financial planning. CFP® professionals must meet rigorous education, examination, experience, and ethics requirements. They are trained to develop holistic financial plans covering investments, retirement, tax, estate, and insurance planning.

CFP® Advisors on AdvisorOS
79
Currently in our directory
Designation Type
CFP
Certified Financial Planner
02

Why It Matters

CFP® professionals must act as fiduciaries when providing financial planning advice, meaning they are legally obligated to act in your best interest. The comprehensive nature of their training means they can address your full financial picture rather than just one area.

03

Requirements

Bachelor's degree from an accredited university
Complete a CFP Board-registered education program
Pass the 170-question CFP® exam (6 hours)
6,000 hours of professional experience (or 4,000 hours in an apprenticeship)
Adhere to CFP Board's Standards of Conduct and ethics requirements
Complete 30 hours of continuing education every 2 years

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04

Frequently Asked Questions

Is a CFP® a fiduciary?
Yes. CFP® professionals must act as fiduciaries at all times when providing financial advice. This means they must put your interests ahead of their own.
How long does it take to become a CFP®?
Typically 18-24 months to complete the education requirements and pass the exam, plus the experience requirement. Most CFP® candidates have 3+ years of industry experience before earning the designation.
What is the CFP® exam pass rate?
The CFP® exam pass rate typically ranges from 60-67% for first-time takers. The exam covers financial planning, investment management, tax planning, retirement planning, estate planning, and professional conduct.
What's the difference between a CFP® and a CFA®?
CFP® focuses on comprehensive personal financial planning for individuals and families. CFA® focuses on investment analysis and portfolio management, typically for institutional investors. If you need a personal financial plan, look for a CFP®. If you need sophisticated investment management, look for a CFA®.
05

Related Credentials

ChFC®
Chartered Financial Consultant
23 advisors
CFA®
Chartered Financial Analyst
26 advisors
RICP®
Retirement Income Certified Professional
CPWA®
Certified Private Wealth Advisor