Courses - Requirements to Become Certified Advisor - Work at Home Even
Without A Degree But Certification Will Help
June 8th 2006
Home businesses offer the freedom that very few jobs can offer, and one
popular choice is the Certified Financial Planner (CFP). The pay is not
bad either. According to the Bureau of Labor Statistics, 4 out of 10
CFP are self employed and the median income as of May 2004 was $62,700.
Not all financial planners are Certified Financial Planners, but being
certified may add value to your business and money to your pocketbook.
So what does it take to become certified?
According to the Certified Financial Planners, Board of Standards, a
bachelorís degree is not required until 2007. Even after 2006, you will
not need a degree before sitting for the exam or fulfilling your work
experience, but you will need the degree before becoming certified.
The Board of Standards can waive the degree for those individuals who
have met all certification requirements prior to 2007. After 2006, it
will not matter what your degree is in, but you will also need three
years of relevant work experience. Until 2007, individuals who do not
have a bachelor's degree, may substitute the degree requirement with
five years of relevant experience.
The Board of Standards will also be looking for ethical people. You
will be asked if you have ever been a party (or involved) in any
criminal, civil, governmental, or self-regulatory agency proceeding or
inquiry. Also, you will be required to adhere to the Boardís Code of
Ethics and Professional Responsibility and Financial Planning Practice
Of course there are other certification programs that do not require a
college degree. For instance, the Professional Career Development
Institute (PCDI) does not require a college degree. According to the
PCDI there are no specific educational prerequisites or experience
requirements to enroll, but it may benefit your practice to keep working
at it until you receive your degree.
If you enjoy dealing with people and have good basic math skills, you
may want to consider becoming a financial advisor. If you are motivated
to learn, there are online courses you can take to become a financial