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For that reason, you should always verify a planners competence and experience before you trust their advice.
The Oklahoma-basedButterworth Financial Groupcalls those rigorous standards the four Es education, examination, experience and ethics.
Read on to learnhow working with a CFP can benefit you.
However, they receive their certifications only after significant experience as a financial planner.
Alternatively, candidates may apprentice for 4,000 hours just over two years.
The entire 4,000 hours must be client-facing and directly supervised by a CFP.
CFPs charge flat fees for financial advisory and planning, for example, to eliminate conflicts of interest.
Holistic Approach
Generic financial planners and advisorsare often limited in the products and services they can provide.
A CFP, on the other hand, has demonstrated competence in a range of areas.
The coursework and exam coverrisk management and insurancein addition to investment, retirement, tax and estate planning.
Violations can result in disciplinary action, including loss of certification.
you might also request information about disciplinary action by calling the board at 800-487-1497.
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