Cfp Credits

Written by Helen Glenn Court
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No matter how busy you are with your career as a certified financial planner, you know you have to fit 30 hours of CFP credits in every two years in order to renew your certification with the CFP Board of Standards. It's a demanding as well as a rewarding career path. Fortunately there are nearly 300 institutions nationwide that offer board-approved programs and classes.

Not only that, but the growth of the Internet has made earning those 30 hours of CFP credits convenient, because many of those programs offer online, self-study programs. This means no more commuting, the possibility of 24/7 study, and learning at your own pace. You can forget worrying about how to fit classes into your already hectic schedule.

The most authoritative source of information on what's required to renew your CFP certification is the CFP Board of Standards website. It has available for download a 36-page brochure specifically on renewal requirements and CFP credits toward that renewal. You're best advised to download that and keep it for reference.

Summary of CFP Credit Requirements

All credits toward renewal must be earned in that two-year period. CFP credits are more, however, than simple academic classes, though these are accepted if they meet standards. Topics of academic study include insurance planning, risk management, employee benefits, investments, and income tax planning. But CFP certification is not an academic program. It is instead a matter of meeting independently established public standards of knowledge. Credits can be earned through approved teaching, participating in conferences, seminars, and workshops, professional licensing, and publishing articles or books in the field of financial planning.

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