Easy Steps on How to Become a Certified Financial Planner in 2023


Becoming a Certified Financial Planner (CFP) is a popular career choice for those interested in the finance industry.

A CFP is a professional who helps clients manage their finances and achieve their financial goals by providing comprehensive financial planning services.

In 2023, the demand for CFPs is expected to continue to grow, making it a promising career path.

However, to become a CFP, one must complete certain requirements and pass a rigorous exam.


In this article, we will discuss the easy steps you can take to become a certified financial planner in 2023.

What is a Certified Financial Planner (CFP)?

A Certified Financial Planner (CFP) is a financial professional who has completed a rigorous board-certified exam and is qualified to offer solid financial advice.


To become a CFP, you must meet specific standards, like as education, experience, and ethics.

A CFP works with individuals to assist them in making sound financial decisions.

They can teach clients how to save for retirement, cut taxes, plan for college tuition, develop a budget, and much more.

Those with CFPs as advisors can get full financial advice.

To become a CFP, you must finish an approved financial planning course of study as well as pass the rigorous Board Test conducted by The Certified Financial Planner Board of Standards (CFP Board).


Must Read: How to secure a job as a Financial Analyst.

What are the educational requirements for becoming a Certified Financial Planner?

Are you thinking about becoming a Certified Financial Planner (CFP)?

Before you begin, it’s critical to understand the schooling requirements for this job.

A bachelor’s degree from an authorized university is required to become a CFP.

The degree can be in any discipline, but it must cover financial planning topics like finance, accounting, or economics.

Those seeking certification must also finish the CFP Board’s Education Program and sit for the CFP exam.

This curriculum includes at least 30 hours of instruction in areas such as insurance planning and risk management, retirement planning and employee benefits, estate planning, and taxes topics.

Applicants are entitled to apply for certification after completing both the program and exam requirements.


Certification is valid for two years before renewal is required.

Before taking the certification examination, applicants must also have at least three years of full-time experience in the sector, according to the CFP Board.

What is the cost of becoming a certified financial planner?

The cost of becoming a certified financial planner is determined by a variety of factors, including the type of certification program chosen, study materials purchased, and exam fees.

In general, applicants should expect to pay between $1,000 and $2,500 for everything associated to achieving their CFP credential.

This covers certification program registration costs as well as course materials (such as textbooks or online lessons) that must be completed prior to taking the exam.

How to Become a Financial Planner

A bachelor’s degree is required.

A bachelor’s degree in business, finance, or another comparable discipline is required to begin your career as a certified financial planner.

If your undergraduate study did not contain any of these disciplines, you should think about pursuing a master’s degree (or at least taking classes).

The CFP certification is not required for entry-level positions as an investment advisor or wealth manager, but it might be beneficial if you want to advance professionally and make more money.

The CFA certification is comparable, but it focuses on financial analysis rather than software abilities, which are required for job interviews with banks and other organizations that offer financial goods such as insurance policies or mutual funds.

You must have at least three years of work experience in a finance-related industry.

A minimum of three years of professional experience working in a finance-related industry is required to become a certified financial planner.

You can work in any of the following fields:

  • A CFP or CFA consulting business
  • A financial institution or an insurance company
  • A financial consultant

You must pass a certification exam.

This test consists of two parts: a multiple-choice exam and a case study.

Trending: Easy Steps on How To Become An Affiliate Marketer

The exam’s format

The first section is the most essential since it assesses your ability to use financial planning ideas in real-world scenarios.

It discusses retirement preparation, estate planning and investments, tax strategies, insurance policies and procedures, business decisions such as starting a business or purchasing an existing one, and personal finances such as managing debt and paying for college tuition.

This section contains a total of 100 questions (40 multiple-choice questions plus 50 case studies).

For each question to count towards your score, you must answer at least 70% correctly (the rest is based on your time spent answering).

The second section focuses on ensuring that you understand how different forms of investments interact with one another so that you may make intelligent decisions when planning for future requirements or goals within your financial plan.

Every two years, you must complete continuing education.

Upon the completion of the CFP certification exam, you must complete 30 hours of continuing education every two years.

The CFP Board’s course directory can assist you in locating a course that fits these requirements and is convenient for you to attend.

Consider taking online or in-person classes through your employer or another source that provides opportunities for professional growth.

Important Considerations Before Becoming A CFP

Becoming a CFP is a rigorous procedure, but it can lead to a rewarding job assisting others with their financial management.

Those who have earned the title of Certified Financial Planner (CFP) have passed a difficult exam administered by the Society of Financial Professionals, which examines knowledge and skills in financial planning and investment management.

Topics covered in the exam include asset allocation, tax management, retirement planning, and estate planning.

In addition to completing the CFP exam, you must have an active license from either your home state or another state where your firm does business.

This gives you the legal right to work as a financial planner in that state or territory.

It confers no additional rights on its possessor beyond those granted by having been licensed as such somewhere in its history.

See Also: Complete Guide on How to Become a Freelancer


In conclusion, becoming a Certified Financial Planner in 2023 is a great career opportunity for those interested in helping others manage their finances.

By following the easy steps outlined in this article, you can start on the path to becoming a CFP, which includes completing educational requirements, gaining work experience, and passing the CFP exam.

Once certified, you can join the growing community of financial planning professionals and make a positive impact on the lives of your clients.

With the right combination of hard work, dedication, and commitment, you can achieve your goal of becoming a successful CFP in 2023 and beyond.

Click the button below to Gain Access to our Members’ Exclusive Group, before it fills up again.
[maxbutton id=”4″]

See what others are reading:



Feel free to share this post with others who will benefit from it using the buttons below!

Leave a Reply

Share to...