In Focus: Modern financial planner  

CFP: Preparing for the UK's highest financial planning qualification

  • Explain the process of becoming a certified financial planner
  • Understand the time and cost involved for you and your firm
  • Communicate how advisers can benefit from being certified or chartered
CPD
Approx.30min
 

Many modern financial planners aspire to study beyond Level 4, but what does it take to reach Level 7 and what are the benefits?

In this 30-minute CPD we chat to Christopher Morris, head of financial planning policy and engagement at the Chartered Institute for Securities & Investment, about the ins and outs of the certified financial planner designation, which sits at Level 7, the highest financial planning qualification in the country.

CFP is slightly different to the Chartered Insurance Institute's chartered qualification, which sits at Level 6 and is generally considered more technical than CFP.

However, both can offer similar benefits to advisers, in that they challenge the candidate to think further and consider what it takes to achieve best practice in financial advice.

We will also hear from two recent CFP graduates, Sarah Huffen from Gilded Wealth and James Robinson from Mazars, about how they prepared for the exam and case study and what tips they can pass on to aspiring CFPs.

To bank your CPD, answer the questions below after watching the video.

carmen.reichman@ft.com

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. The CFP qualification consists of a Level 6 exam and a Level 7 case study. True or false?

  2. What should a financial planner have in place ahead of studying for Level 7?

  3. What are the benefits of being chartered or certified, according to Morris?

  4. The case study element of the CFP qualification is often considered more onerous than the exam. True or false?

  5. The certified qualification is considered more practical and holistic than the chartered one, according to Morris. True or false?

  6. What do the candidates say advisers should watch out for when taking the CFP qualification?

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You have successfully answered all the questions correctly, well done!

You should now know…

  • Explain the process of becoming a certified financial planner
  • Understand the time and cost involved for you and your firm
  • Communicate how advisers can benefit from being certified or chartered

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