CERTIFIED FINANCIAL PLANNER™
Pat Sokolowski, CFP® earned her designation in 2007 and has been practicing financial planning for 20 years. CERTIFIED FINANCIAL PLANNER™ professionals have to complete the 4 E’s in order to earn their CFP® designation. The 4 E’s are Education, Examination, Experience and Ethics.
Education: There are a total of 7 college level financial planning classes that must be completed covering topics such as Income Tax Planning, Estate Planning and Retirement Planning. A bachelors degree is also required.
Examination: The CFP® exam is a tough 6 hour exam covering 8 principal knowledge topics of financial planning and generally had a pass rate between 60-65%.
Experience: Candidates for CFP® certification must have 6,000 hours of financial planning experience.
Ethics: The CFP Board conducts a background check of each candidate to ensure CFP® certificants are held to a high ethical standard.
All CFP® professionals must complete 30 hours of continuing education every two years in order to maintain the certification.