Advisers interested in becoming CFP-licensed financial planners are now being offered a fast-track t...
Advisers interested in becoming CFP-licensed financial planners are now being offered a fast-track training programme by the Institute of Financial Planners.
Rather than expecting individuals to effectively teach themselves what is needed, the IFP has now successfully developed and rolled-out an intensive four-day CFP training regime which gives planners the tools and background training they need, so they are ready to complete the required case study at the end of the week.
There has been demand for help in passing the exam, says Kim Hagan, event manager at the IFP, as advisers are unlikely to have the knowledge required to pass the financial planning process case study without first studying the CFP manual for around 70 hours and understanding that process sufficiently.
However, practitioners who have tried to gain the CFP qualification in the past have found it extremely difficult to do so without any special tutoring, because the workload has to be slotted around busy agendas.
A recent pilot of the course helped five of Charcol Holden Meehan's advisers to qualify as CFP licensees, so an additional three residential courses for up to ten people at a time are being staged in October, November and December.
To qualify alongside the existing 250+ UK-based CFP holders, advisers must pass either the IFP Fellowship exam or present a detailed case study plus an alternative professional qualification, such as that held by a Chartered Accountant.
Click thru the right-hand link to request more information from the IFP.
Achievements, charity work and other happy snippets
Laughable excuses for persisting
Spent 56 years at Schroders
Warns on profits