Financial Planning Certification - Widely Recognized
Financial Planning Certification - Widely Recognized
Certification makers are widely recognized in the financial services sector advisory:
* Accredited Estate Planner (AEP)
* Certified Financial Planner (CFP)
* Chartered Financial Analyst (CFA)
* Approved investment adviser (CIC)
* In the insurance agents
> Chartered Financial Consultant (ChF
C)
> Chartered Life (AVA)
* Personal Financial Specialist (PFS)
This short list of qualifications was built using multiple sources. First, a number of other certificates require such qualifications as a condition. Second, when the registration as an adviser to certain countries, some of these certificates may be replaced by passing tests conducted by the North American Securities Administrators Association, Inc. (NASA) third form ADV, which is used by the SEC and most state Registry of Advisers, in which specifically mentions many of these names. Finally, these names often mentioned in the literature on financial planning and investment in Web sites.
Accredited Estate Planner (AEP)
ASP explained by the National Association of Estate Planners and the Council (NAEPC).
For ASP, the applicant must:
* If you have a permanent lawyer, CPA, Clu, ChFC, CFP or CTFA
* To be involved in the business of professional estate planning,
* Have at least five years relevant experience (or 15 years free education requirements)
* Take the required courses in the American College of two "tests"
* Do they belong to NAEPC Board,
* Presentation of reference and
* Commitment to NAEPC a code of ethics.
Certified Financial Planner (CFP)
CPA has been granted by the Certified Financial Planner Board of Standards Inc. (CFPB). To receive the CFP designation, the candidate must have five years of personal financial planning work experience or three years, and a bachelor\\'s degree. They must pass a comprehensive evaluation. For this test, he must follow the test offered by various educational organizations already have a CPA or ChFC, Clu, or FSC, or degree or doctorate in economics, Doctor of Business Administration, the public prosecutor or a license. In CFPB have a line of consumer complaints and disciplinary doctor, and he presses on the Line of Control on the status of training and references.
According to the CFPB that this is a non-profit organization (WHO) promote the highest standards in personal financial planning, so that the public values, has access to benefits and the relevant rules and ethical financial planning. The Executive Board certification marks CFP, CFP, Certified Financial Planner and the federal government registered CFP, which is granted to those who have completed the initial and ongoing certification requirements. CFP Board currently has more than 43,000 people who use these labels in the U.S. In CFPB also establish and implement education, research, experience and ethical requirements of the CFP certificate.
Chartered Financial Analyst (CFA)
CFA Institute is composed of more than 70,000 individual voting nonvoting members and 131 affiliated companies, who believe in the setting of a higher level of investment to the profession. Individual members, either by the CFA or working in the field of investment and agree to abide by the CFA Institute ethical requirements.
Previously, the Association of Investment Management and Research (AIMR), the CFA Institute, CFA. The winners have to pass three exams to approximately 250 hours preparing for each exam. The candidate must also have four years because of training or university and three years of work.
CFA Institute to process the code of professional conduct, including complaints process, investors will be able to learn tips about the status of the CFA.
Approved investment adviser (CIC)
The CIC designation is given by the Investment Counsel Association of America, Inc. (ICAA). The ICAA is a national non-profit organization whose membership consists only of the federal investment adviser firms. The applicant must have worked for the company ICAA member and holds the CFA.
Insurance agents
Chartered Financial Consultant (ChFC)
Chartered Life Insurance (UTE)
Clu and the American College ChFC designations. For a description of the candidate will be eight courses three years of full-time study, personal finance or insurance experience. If a person has completed Clu appointments, can also be obtained by completing the ChFC designation of three other courses. There are no complaints or disciplinary proceedings or appearance.
American College stated that "in 1927, he founded the American College of Life Underwriters, the College in recent decades has expanded its offering of education as a result of the growing convergence of insurance and other financial services professionals. Means a variety of certificates, diplomas, degrees and Education is ready with his Clu appearance of long-term respected. "(Note 3)
Private Financial Specialist (PFS)
PFS for the designation is granted by the American Institute of Certified Public Accountants (AICPA). The AICPA has a PFS for the CPA, specializes in personal financial planning. "To ensure that the PFS appoint a person must:
* As a member of the AICPA.
* Keep the CPA certificate issued by the State and not revoked.
* Earn money based on the experience and assessment.
* Current references and other evidence of personal financial planning experience and work.