Professional designations help us serve you

Most people think that all financial planners are “certified,” but this isn’t true. Anyone can call himself or herself a “financial planner.” Only those who have fulfilled the certification and renewal requirements of CFP Board can display the CFP^® certification marks.

Individuals certified by the CFP Board have taken the extra step to demonstrate their professionalism by voluntarily submitting to the rigorous CFP^® certification process that includes demanding education, examination, experience and ethical requirements. These standards are called “the four E’s,” and they are four important reasons why the financial planning practitioner you select should display the CFP^® certification marks.

When selecting a financial planner, you need to feel confident that the person you choose to help you plan for your future is competent and ethical. The CFP^® certification provides that sense of confidence by allowing only those who meet the following requirements the right to use the CFP^® certification marks.

CFP^® certification requirements: the four E’s.

Education: CFP^® professionals must develop their theoretical and practical financial planning knowledge by completing a robust course of study at a college or university offering a financial planning curriculum approved by the CFP Board. Other options for satisfying the education component include submitting a transcript review or previous financial planning-related coursework to the CFP Board for review and credit, or showing the attainment of certain professional designations or academic degrees.

Examination: CFP^® practitioners must pass a two-day, six-hour CFP^® Certification Examination that tests their ability to apply financial planning knowledge in an integrated format. Based on regular research of what planners do, the exam covers the financial planning process, tax planning, employee benefits and retirement planning, estate planning, investment management and insurance.

Experience: CFP^® professionals must have three years’ minimum experience in the financial planning process prior to earning the right to use the CFP^® certification marks. As a result, CFP^® practitioners possess financial counseling skills in addition to financial planning knowledge.

Ethics: As a final step to certification, CFP^® practitioners agree to abide by a strict code of professional conduct, known as the CFP Board’s Code of Ethics and Professional Responsibility, that sets forth their ethical responsibilities to the public, clients and employers. The CFP Board also performs a background check during this process, and each individual must disclose any investigations or legal proceedings related to their professional or business conduct.

How does CFP Board’s Code of Ethics benefit me?

Through the Code of Ethics, CFP^® practitioners agree to act fairly and diligently when providing you with financial planning advice and services, putting your interests first. The Code of Ethics states that CFP^® practitioners are to act with integrity, offering you professional services that are objective and based on your needs. They are required to provide you with information about their sources of compensation and conflicts of interest in writing.

Ongoing certification requirements

Once certified, CFP^® practitioners are required to maintain technical competence and fulfill ethical obligations. Every two years, they must complete a minimum 30 hours of continuing education to stay current with developments in the financial planning profession and better serve clients. Two of these hours are spent studying or discussing the CFP Board’s Code of Ethics or Practice Standards. In addition to the biennial continuing education requirement, all CFP^® practitioners voluntarily disclose any public, civil, criminal or disciplinary actions that may have been taken against them during the previous two years as part of the renewal process.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP^®, Certified Financial Planner^™ CFP^® (with plaque design) and CFP^® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional.

An Accredited Investment Fiduciary® has expertise in investment fiduciary standards of care. They have extensive knowledge in key areas such as plan distributions, plan design and implementation, plan establishment and operation, and fiduciary issues.

Accredited Investment Fiduciary® designees can demonstrate that they have met educational, competence, conduct and ethical standards to serve the best interests of their clients and carry out a fiduciary standard of care throughout the financial planning engagement.

A Chartered Retirement Planning Counselor^SM (CRPC^®) is someone with a professional financial planning designation awarded by the College for Financial Planning. Individuals may earn the CRPC^® designation by completing a study program and passing a final multiple-choice examination. Successful applicants earn the right to use the CRPC^® designation with their names for two years, which can improve job opportunities, professional reputation and pay. Every two years, CRPC^® professionals must complete 16 hours of continuing education and pay a small fee to continue using the designation.

The study program to become a CRPC^® covers the entire retirement planning process, including meeting multiple financial objectives, sources of retirement income, personal savings, employer-sponsored retirement plans, income taxes, retirement cash flow, asset management, estate planning, and more.

The Certified Exit Planning Advisor (CEPA) program was specifically designed for business advisors who work closely with owners of privately held companies to have value-added conversations around growth and exit. The program helps to effectively address all of the personal, business, financial, legal and tax issues involved in selling a business. The organizing principle of the program is Master Planning™, which is executed through the implementation of the Value Acceleration Methodology™ process.

CEPAs are an elite group of advisors who have received this designation and are part of the Exit Planning Institute’s international community. The CEPA program is the most widely accepted and endorsed professional exit planning program in the world. 

Individuals who hold the ADPA® designation have completed a course of study encompassing wealth transfers, federal taxation, retirement planning, and planning for financial and medical end-of-life needs for domestic partners. Additionally, individuals must pass an end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical concepts to real-life situations.

All designees have agreed to adhere to Standards of Professional Conduct and are subject to a disciplinary process.

Designees renew their designation every two years by completing 16 hours of continuing education, reaffirming adherence to the Standards of Professional Conduct and complying with self-disclosure requirements.

An MBA provides recipients with several invaluable attributes, including strategic thinking, problem-solving ability, decision-making, research and risk management skills, and an entrepreneurial mindset.

Strategic thinking

An MBA teaches you how to assess economic trends, look at the market forces at play, identify impending threats and opportunities, and create changes to remain competitive. It involves questioning one’s own biases and assumptions, seeking out relevant information to make informed decisions, and taking the time to reflect to find the right course of action.

Problem-solving

An MBA teaches you how to find solutions to complex problems by digging beyond the surface, factoring in different viewpoints, and keeping the bigger picture in mind.

Decision-making

An MBA teaches you to review, scrutinize and evaluate data and other sources of information to make calculated decisions based on available metrics.

Analysis, research and risk management skills

An MBA teaches you to make information-based assessments. It sharpens your ability to filter important information from the unimportant, identify potential pitfalls, change focus as necessary and respond to a crisis.

An entrepreneurial mindset

An MBA teaches you to identify gaps in the market, make sense of trends and think ahead of the curve – enabling innovation and fresh ideas to drive the business forward.