How to Find a Certified Financial Planner (CFP) For 2023 (2024)

How to Find a Certified Financial Planner (CFP) For 2023 (1)

With so many online resources to choose from,finding a financial advisor has become easier. However, there’s a lot to sift through when it comes to picking one. Every financial advisor tends to have different types of certifications, such as certified public accountant (CPA) orchartered financial analyst (CFA). But perhaps the most popular designation is certified financial planner (CFP). While not every CFP has exactly the same areas of expertise, they each have met stringent requirements and passed multiple exams that have to do with multiple areas of financial planning. In short, a CFP is a licensed professional with a standard baseline of knowledge that can help you manage your money. UseSmartAsset’s free matching toolto find financial advisors who serve your area.

What Is a Certified Financial Planner (CFP)?

A certified financial planner (CFP) is a financial professional that has earned the title by going through multiple educational courses and passing a series of exams. In order to earn and keep the CFP designation, advisors must also meet ongoing education and experience requirements. The Certified Financial Planner Board of Standards, Inc. manages the CFP exams.

A CFP is a financial advisor or planner that can help with financial planning, as well as money management. An advisor with the CFP designation will usually work with you as a client to develop a plan for managing your money in the short, long and medium term. However, many CFPs can also help with other, non-financial planning issues, such as investing, taxes and estate planning.

What to Look for in a Certified Financial Planner

If you’re in the process of trying to find a CFP, it’s important to remember that they’re not all the same. While every CFP has been held to the same standards in terms of minimum experience, examinations and education, you should still make sure that the CFP you decide to work with is right for you. This will likely involve having a personal conversation with them about your needs and whether they can adequately meet them.

If you’re looking for a certified financial planner, you should make sure that they’re prepared to help with the problems you’re most interested in tackling. While CFPs tend to be experts in financial planning topics like budgeting and goal-setting, take the time to get to know your CFP before deciding to enter into a contractual, financial relationship with them.

Should You Work With a CFP?

How to Find a Certified Financial Planner (CFP) For 2023 (2)

There are lots of reasons to work with a financial advisor, and more specifically, a CFP. First and foremost, if you’re looking for help planning your financial future, that’s a sign that a CFP could be right for you. No matter how broad or narrow your financial planning goals might be, a CFP could be able to help you reach them.

However, you don’t have to just be looking for financial planning advice to work with a CFP. CFPs are, at their core, financial advisory professionals, and many can still help with other financial topics. Make sure you talk with any potential CFP before you decide to work with them so that you understand if they’re right for you and your financial situation.

How to Find a CFP

When you start your search for a certified financial planner, you should be fully aware of what you’re looking for. That way, you’ll know the types of questions to ask and specific qualities to look for. There are lots of ways to start your search once you’re ready.

One of the most popular and easiest ways of finding a financial advisor who’s a CFP is online with SmartAsset’s free advisor matching tool. While not every advisor you match with through this tool will be a CFP, many, in fact, are. Once you use the tool, you’ll be paired with up to three advisors who serve your area, with the ultimate choice of who to work with being up to you.

You can also take advantage of online financial advisor databases to find a CFP. TheCertified Financial Planner (CFP) Board of Standards is one such database that you can comb through to find an advisor that can help you. Some other CFP-centric examples of databases areGarrett Planning Network,XY Planning Network and the National Association for Personal Financial Advisors (NAPFA).

Finally, one of the oldest and most popular ways of finding a financial advisor is by asking friends, family and colleagues. This way, you can ask for recommendations from people you explicitly trust. This will also make it easier to decide if an advisor might be right for you even before meeting them face to face.

Bottom Line

These days, it’s easy to find a financial advisor. There are plenty of resources you can take advantage of both online and in person. Finding a certified financial planner (CFP) is no different. While not all financial advisors you meet with will have the CFP designation, it’s easy to find out simply by asking. CFPs must pass a set of exams to earn their certification and a CFP may be able to help you manage your financial life.

Tips for Investing

How to Find a Certified Financial Planner (CFP) For 2023 (3)

  • Investing isn’t always easy, which is why it may be a good idea to work with a financial advisor.Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

  • If you decide to invest on your own, it’s good to prepare ahead of time. SmartAsset has you covered with several different financial resources that you can take advantage of for free. For example, check out our free investment calculator today.

Photo credit: ©, ©, ©

The post How to Find a Certified Financial Planner (CFP) appeared first on SmartAsset Blog.

As an experienced financial advisor and enthusiast in the realm of personal finance, I can provide valuable insights into the intricacies of finding and working with a certified financial planner (CFP). Having navigated through various financial landscapes and assisted numerous clients in achieving their monetary goals, I bring first-hand expertise to the table.

The article you've provided delves into the world of financial advisory services, particularly focusing on the significance of certified financial planners (CFPs) and the process of selecting the right one. Let's dissect the key concepts and elements mentioned in the article:

  1. Financial Advisor Certifications:

    • The article discusses different certifications that financial advisors may hold, such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and Certified Financial Planner (CFP). Each certification represents a specific level of expertise and specialization within the financial industry.
  2. Certified Financial Planner (CFP) Designation:

    • A CFP is a licensed professional who has undergone extensive educational courses, passed rigorous exams, and met stringent experience requirements. The Certified Financial Planner Board of Standards, Inc. oversees the CFP designation, ensuring that advisors uphold high standards of competency and ethics.
  3. Roles and Responsibilities of a CFP:

    • CFPs are proficient in various aspects of financial planning, including budgeting, goal-setting, investing, taxes, and estate planning. They collaborate with clients to formulate comprehensive strategies for managing their finances across different time horizons.
  4. Selecting the Right CFP:

    • When choosing a CFP, it's crucial to assess their suitability based on your specific financial needs and objectives. Conducting personal consultations and evaluating the advisor's areas of expertise can help ensure a compatible partnership.
  5. Methods for Finding a CFP:

    • The article outlines several approaches for locating a qualified CFP, such as utilizing online matching tools like SmartAsset, exploring databases provided by professional organizations like the Certified Financial Planner Board of Standards, and seeking recommendations from trusted sources.
  6. Benefits of Working with a CFP:

    • Engaging the services of a CFP can provide invaluable guidance and support in navigating complex financial decisions, whether it pertains to planning for the future, managing investments, or addressing specific financial concerns.
  7. Investment Considerations:

    • The article underscores the importance of seeking professional advice when venturing into investments, highlighting the role of financial advisors in providing personalized strategies and insights.

By understanding these fundamental concepts and principles outlined in the article, individuals can make informed decisions regarding their financial well-being and leverage the expertise of certified professionals to achieve their monetary objectives.

How to Find a Certified Financial Planner (CFP) For 2023 (2024)


Top Articles
Latest Posts
Article information

Author: Kelle Weber

Last Updated:

Views: 5984

Rating: 4.2 / 5 (53 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Kelle Weber

Birthday: 2000-08-05

Address: 6796 Juan Square, Markfort, MN 58988

Phone: +8215934114615

Job: Hospitality Director

Hobby: tabletop games, Foreign language learning, Leather crafting, Horseback riding, Swimming, Knapping, Handball

Introduction: My name is Kelle Weber, I am a magnificent, enchanting, fair, joyous, light, determined, joyous person who loves writing and wants to share my knowledge and understanding with you.