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Certified Financial Planner

People seem to imagine that certified financial planner are people who specialize in helping with business strategy and managing finances in big firms like huge multinationals. But the truth us, certified financial planners are essential for lay people to get over everyday financial problems. The most common types of assistance given by a certified financial planner is at returement planning and general financial planning for households and home businesses.

So, is there a marked difference in a certified financial planner and a normal finance guy? The difference can indeed be huge. It’s easy for anyone to claim that he/she is a financial planner but not everyone can claim to be a certified financial planner unless they are certified from the Certified Planner Board of Standards.

The first step towards becoming a certified financial planner is getting a minimum of a bachelor s degree from a reputed college in the country. Many people might not know that you have to study and master integrated financial planning; you actually have to study 100 topics on this. So obviously the path is not all flowery and easy. The exam that you need to pass in order to qualify as a certified financial planner is a tough ride too. It has 10 hours worth of multiple choice questions. The case problems in the exam will test on your ability and talent to use your knowledge in a situation that calls for use of financial planning. So to get through the exam and become a certified financial planner you should have both the necessary academic knowledge and also practical skills.

Every certified financial planner has extensive knowledge on how to tackle a client’s needs no matter how small or big they are. A certified financial planner in short should be a real expert on the subject of finance in general.

With the recession and the inability of financial planners to predict the crisis and take steps to avoid it people seem to have somewhat lost faith in financial planners in general. Therefore, you may want to re-think pursuing this career right now. So maybe there ought to be more foresight and transparency in fiscal liaisons and as experts on this domain certified financial planner certification should be very much involved in this effort to create a greater, more safe financial system.