How to become a financial planner.Q&A I would like to get into the financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against field, but I'm not sure where to start. I would like to complete any necessary course work, but I'm also interested in opportunities for on-the-job training. Any suggestions? Anonymous--Via the Internet Whether you're interested in becoming a financial adviser or simply looking to hire one, there's something that everyone should know: There are no requirements to become a financial planner Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. . It's an unregulated profession without any formal education or experience requirements. Cautionary note aside, one key credential that you'll want is to become a certified financial planner Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. . The CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). designation is an important qualification for reputable financial planners. More details on what's required to sit for the 10-hour multiple choice exam are available at www.cfp.net/become. On a more advanced level, there are additional exams administered by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. that can qualify you to handle securities transactions. For details, see www.nasd.com. Finally, with respect to on-the-job training, at least two major firms have structured programs. Edward Jones Investments' training program starts with each candidate being assigned a mentor and another experienced adviser to observe. Visit www.ejcareer.com for more details. To check out the training program at Ameriprise Financial, see www.ameriprise.com. Mail your money management questions to Money Matters, BLACK ENTERPRISE 130 Fifth Ave., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011 or send an e-mail to delaneyt@blackenterprise.com. |
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