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Financial Planner Courses - Requirements to Become Certified Advisor - Work at Home Even Without A Degree But Certification Will Help

June 8th 2006

Financial Planner Courses - Requirements to Become Certified Advisor - Work at Home Even Without A Degree But Certification Will Help

Business

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 Standards. 

 

 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 planner.

 
 
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Dan Wilson
Best Syndication

Books on Investing

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Important:  The material on Best Syndication is for informational purposes only and is not meant to be advice. You should always seek professional advice before making financial decisions. 
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