What is a CFP® Certification?
CFP Certification is a nationally and internationally recognized professional certification
offered through the CFP® Board.
Certified Financial Planner Board of Standards Inc. awards the CFP®and CERTIFIED FINANCIAL
PLANNER™ certification to individuals who fulfill initial and ongoing certification
- Satisfy the educational requirements
- Three to five years of work experience in a financial planning field
- Pass the CFP® Certification Examination
- Compliance with CFP® Board’s Code of Ethics and Professional Responsibility
- Continuing education and recertification
Why are the CFP® Certification Requirements Important?
When selecting a financial planner, it’s important to remember that not all financial
planners are “certified.” Anyone can call themselves a “financial planner.”
Only those who have gone through the certification process by the CFP® Board can display
the CFP® certification marks. The CFP®certification provides a great sense of security
by allowing only those who meet the requirements the right to use the CFP® certification
What is required to obtain a CFP® Certification?
To obtain the CFP® certification, there are the four E’s:
Education, Examination, Experience and Ethics.
EDUCATION: In order to receive the CFP® designation, you have to master the topics covered in
the following areas:
- Fundamentals/Insurance Planning
- Investment Planning
- Income Tax Planning
- Retirement Planning
- Estate Planning
- Financial Plan Development -Capstone
Bachelor’s Degree Requirement: A bachelor’s degree in any discipline is required in order to obtain the CFP® designation.
This is not a requirement to be eligible to take the CFP® Certification Examination
and does not have to be obtained before sitting for the exam or fulfilling the work
experience. You have five years from the date you pass the CFP® exam in order to
satisfy the bachelor’s degree requirement. The UGA CFP ® program is a graduate level
program however, a bachelor’s degree is not required in order to apply.
EXAMINATION: CFP®practitioners must pass a comprehensive6-hour CFP®Certification Examination that
tests their ability to apply financial planning knowledge in an integrated format.
You will be legible to apply for the CFP® Certification Examination after successfully
completing the educational requirement. The CFP® Examination is given three times
a year and the fee for the exam is $595 and must be paid in full by the application
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. This experience
may be obtained before or up to 5 years after the exam.
ETHICS: As a final step to certification, CFP® practitioners agree to abide by a strict code
of professional conduct, known as CFP® Board’s Code of Ethics and Professional Responsibility.
Additional information can be found at www.cfp.net.
Do you have any requirements prior to enrolling?
Yes, a Bachelor’s degree is highly recommended but not required. Also an application
via our website.
Do you offer Review Courses?
The University of Georgia, Terry College of Business does not offer an overall review
for the national comprehensive CFP® Certification Examination, but nationally known
companies offer reviews in Atlanta:
Keir Educational Resources offer review materials and courses. www.keirsuccess.com.
Live Classes: Bruce Starks
Zahn intensive review uses a special classroom book designed by Ken Zahn. You may
contact them directly at www.kenzahn.com.
The Dalton Review comprehensive CFP® review. For more information go to www.thedaltonreview.com.
Please note that there are fees associated with these programs.
How much study time outside of class should I expect?
The answer to this question varies, however, we recommend that for every hour spent
in the classroom prepare to spend 2-3 hours outside of the classroom studying.
Do you accept the Hope Scholarship?
No, the Hope Scholarship and other financial aid programs such as the Pell Grant,
Stafford Loan are only available to students attending for-credit courses which lead
to a degree or other academic credentials. Certificate programs are not eligible for
these kinds of scholarships.
Do you offer financial assistance for VA funding or military personnel?
At this time, we are not able to offer financial assistance for military personnel
enrolling in our traditional program.
Do I need to fill out the FAFSA?
No, the FAFSA (Free Application for Federal Student Aid) is used only for degree programs.
Are continuing education loans available for non-credit classes?
Yes, however, please contact us to discuss before starting the loan process.
Can I start a class while I am waiting for my loan to be approved?
No, payment has to be received before starting the program.
I have been laid off from my job. Are other options available for me?
You may be eligible through Workforce Investment Act funding. For WIA information,
visit the Department of Labor serving your area.
“It’s a fantastic time to become a CERTIFIED FINANCIAL PLANNER™ because the need for
it is significant. The curriculum the Terry program uses now is the best that’s out
- Andy Harbour
Senior Vice President, Morgan Stanley CFP®, CIMA®