CFP® Designation

What Does the CFP® (CERTIFIED FINANCIAL PLANNER™) Designation Mean For You?

Many people believe that financial planners are “certified”; when in reality anyone can call himself/herself a financial planner. Only those individuals who have fulfilled the certification and renewal requirements of CFP® Board can display the CFP® certification marks. And just what does that mean? Choosing a financial planner is an important decision to make for yourself and your loved ones. A financial planner can play a central role in helping you meet your life goals and achieving financial well-being, therefore competency and trustworthiness are key. All CFP® professionals at SKWealth(Jason Archambault, Michael DeCataldo, and Cheryl Dugas-Ethier) have met strict requirements mandated by the CFP® Board (outlined below):

Education: CFP® professionals must develop their theoretical and practical financial planning knowledge by completing a comprehensive course of study at a college or university offering a financial planning curriculum approved by CFP® Board.

Examination: CFP® professionals must pass a comprehensive two-day, 10-hour CFP® Certification Examination that tests their ability to apply financial planning knowledge in an integrated format.

Experience: CFP® professionals must have at least three years of experience providing financial planning services to clients before they can earn the right to use the CFP® certification marks.

Ethics: As a final step to certification, CFP® professionals agree to abide by a strict code of professional conduct known as CFP® Board’s Standards of Professional Conduct, which includes the Code of Ethics and Professional Responsibility Rules of Conduct and Financial Planning Practice Standards.

CFP® professionals must renew their certification every two years, and are required to stay current with developments in the financial planning profession and fulfill ethical obligations. As part of the renewal process, they are required to complete a minimum 30 hours of continuing education every two years, including a course on CFP® Board’s ethical standards.

CFP® Board’s Web site provides information about each CFP® certificant who has provided a business address to CFP® Board. That information includes any public disciplinary actions that CFP® Board has taken against individual CFP® certificant.