AFC Certification, Part of a Better Path to CFP Certification

The CERTIFIED FINANCIAL PLANNER™ (CFP®) certification, granted by the Certified Financial Planner Board of Standards is probably the most widely recognized credential in the field of personal financial planning. If you want to practice financial planning, you will likely want to become a CFP® practitioner. However, the required 6,000 hours of experience can be a seemingly insurmountable obstacle for some newer planners, especially those wanting to avoid brokerage and insurance sales careers.

It’s a Catch 22

New planners may be hesitant about going into practice before completing the CFP Board’s experience requirement, even under the mentorship of a more experienced planner. In order to gain experience, they need to deliver personal financial planning services to clients, but they must do so while lacking the credibility and credential that comes with the CFP® marks of distinction. So their clients must be willing to work with them instead of an actual CFP® practitioner.

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