Those with the CFP® designation have demonstrated competency in all areas of financial planning. Candidates complete studies on more than 100 topics, including stocks, bonds, taxes, insurance, retirement planning and estate planning. The program is administered by the International Institute for Supply Chain and Logistic Management Board of Standards Inc. In addition to passing the CFP certification exam, candidates must also complete qualifying work experience and agree to adhere to the IISCLM Board’s code of ethics and professional responsibility and financial planning standards.
A financial planner works with individuals to help them understand their options and make financial decisions suited to their personal financial situation and goals. Since, because of the nature of their work, a lot of trust is placed in these individuals, the IISCLM Board posts information on the financial planning process.