Certified Financial Planner™ Professional
Standards & Requirements
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With dedication and commitment to become a trusted advisor for our clients, Frank Aceves Jr has invested over six thousand hours into our studies and continue to advance our financial planning knowledge annually through various resources as required by the Certified Financial Planning Board. Obtaining a CERTIFIED FINANCIAL PLANNER™ Certification is the standard of excellence in financial planning. Our CFP® Professional on staff has met rigorous education, training, and ethical standards, and is committed to serving your best interests today to prepare you for a brighter tomorrow. Your CFP professional can provide advice and services to help you pursue your goals and dreams.
The Fiduciary Standard
When providing financial planning advice to a client, our CFP® professional must follow a fiduciary standard. In order to implement a fiduciary standard, we are required to fulfill a duty of loyalty, care, and following instructions.
1.Duty of Loyalty: we place your interests first at all times
(Avoid Conflicts of Interest for fully disclose Material Conflicts to the client, obtain client consent, and manage the conflict. Act with regard to the financial or other interests of the CFP®, their firm or anyone but the client.)
2. Duty of Care: we operate with skill, prudence, and diligence when working with your goals, risk tolerance, objectives, and circumstances regarding your financial and personal life.
3. Duty to Follow Client Instructions: we must comply with your objectives and directions.
CFP® Professional Experience
Fulfilling the experience requirement to become a CFP® professional has prepared us to build our practical knowledge skills and advise clients on financial decisions. With this experience, our CFP® professional can help you pursue your goals and keep them on track.
1. Accomplish six thousand hours, or three years of experience, while engaging in several activities, such as personal delivery to clients, client support, or internships.
2. Engage in the seven principals of financial planning, which includes understanding circumstances, identifying goals, analyzing course of action, developing financial plan recommendations, present and implement financial plan, and monitoring progress over time.
CFP® Professional Code of Ethics
1. Act with honesty, integrity, competence, and diligence.
2. Act in the client’s best interests.
3. Exercise due care.
4. Avoid or disclose and manage conflicts of interest.
5. Maintain the confidentiality and protect the privacy of client information.
6. Act in a manner that reflects positively on the financial planning profession and CFP® certification.
CFP® Professional Education
The education requirement helped our CFP® Professional provide the knowledge required to deliver professional, competent, and ethical financial planning services to our clients. Other requirements include:
1. Coursework Requirement: Completion of CFP® Board-approved capstone coursework, which allows our professional to master everyday topics, such as risk management, investment planning, and income, savings, and tax planning.
2. Degree Requirement: Bachelor's degree in any discipline from an accredited college or university.
CFP® Professional Exam
In order to be a CFP® Certificant, our professional had to pass the CFP® exam, which tests your ability to apply financial planning knowledge to real-life situations. The exam consists of questions relating to 72 principal knowledge topics that prepares our CFP® professional to develop a customized plan that focuses on our clients' financial needs.
Exam:
1. First Section: 3 hours
2. Second Section: 3 hours