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Certified Financial Planner
By plrprousers | October 7, 2009
Many people are under the impression that certified financial planners are people who help with business planning, stretegy and management at multinational companies. This is hardly the case in reality. For any money problems in normal, everyday life, a certified financial planner would be the best person who might be able to assist you. Retirement planning and maybe even general financial problems are things for which you could use the assistance of a certified financial planner.
So what is the difference between a certified financial planner and any normal financial planner? There is indeed a big difference. It’s easy for anyone to claim that he/she is a financial planner but not everyone can claim to be a certified financial planner unless they are certified from the Certified Planner Board of Standards.
As far as educational qualifications go, you need to have a basic college degree in order to become a certified financial planner. The tough call is that you need to master integrated financial planning which includes 100 topics under it. So beware; it will not be a cake walk. The exam you have to pass, to become a certified financial planner might not be all that easy either. It has 10 hours worth of multiple choice questions. The case problems in the exam will test on your ability and talent to use your knowledge in a situation that calls for use of financial planning. So to get through the exam and become a certified financial planner you should have both the necessary academic knowledge and also practical skills.
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A good certified financial planner must have the ability to understand the needs of the client, should be able to come up with creative solutions and must have the foresight needed in order to ensure that the needs of the client are fulfilled. A certified financial planner in short should be a real expert on the subject of finance in general.
These times are tough times for any certified financial planner as the recession is hitting so hard in unpredictable ways. This might not be very good news to all financial planners, certified financial planners included. So maybe there should be more foresight and transparency in financial matters and as experts on this area certified financial planners should be very much required in this endeavor to produce a better, more healthy financial system.
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