Important Information About the CERTIFIED FINANCIAL PLANNER™ (CFP®) Designation: The CERTIFIED FINANCIAL PLANNER™ (CFP®) certification represents proven expertise within the financial planning profession. Those with the CFP® designation have demonstrated competency in all areas of finance related to financial planning. Candidates for the CFP® designation must pass a certification exam administered by the Certified Financial Planner Board of Standards, Inc. that focuses on more than 100 topics of concern to the financial planning field, such as retirement, estate and investment planning. In addition to passing the CFP® certification exam, candidates must also complete qualifying work experience (three years of full-time or equivalent part-time experience in the financial planning field) and agree to adhere to the CFP Board's code of ethics and professional responsibility and financial planning standards. In addition, a CFP® must complete 30 hours of continuing education every two years.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Important Information About the Certified Private Wealth Advisor® (CPWA®) Designation: The Certified Private Wealth Advisor® program is designed to focus on the life cycle of wealth: accumulation, preservation, and distribution. Candidates must have a Bachelor’s degree from an accredited college or university or one of the following designations or licenses: CIMA®, CIMC®, CFA ®, CFP®, ChFC®, or CPA license. The Candidate also has to undergo and pass a background check and have five years of experience in financial services or delivering services to high-net-worth clients. The candidate must submit an application; complete the pre-study educational component; attend a week-long in-class education program through either The University of Chicago Booth School of Business, an IMCA-sponsored class, or a firm-sponsored class; pass a comprehensive examination; and maintain the certification through continuing education and adherence to the IMCA Code of Professional Responsibility. In addition, CPWA® candidates must complete 40 hours of continuing education every two years.
Important Information About the Chartered Retirement Planning Counselor℠ (CRPC®) Designation: The Chartered Retirement Planning Counselor℠ (CRPC®) program is issued by the College for Financial Planning and focuses on a course of study encompassing pre- and post-retirement needs and issues related to asset management and estate planning. Although the CRPC® program requires no prerequisites, Candidates must complete a final designation exam that is online, closed-book and proctored. Additionally, Candidates much complete 16 hours of continuing education every two years.
Important Information About the Certified Investment Management Analyst® (CIMA®) Designation: The CIMA professional provides objective investment advice and guidance to both individuals and institutions. This professional integrates a complex body of investment knowledge and applies it systematically and ethically to assist clients in making prudent investment choices. CIMA® candidates must meet all the following requirements: (1) at least three years of verifiable financial services experience, and a clean regulatory record (2) maintain a high standard of personal and professional conduct and (3) pass a stringent five-hour examination. In addition, CIMA® candidates must complete 40 hours of continuing education every two years.
1The 2019 Top 50 Independent Advisory Firm Ranking issued by Barron’s is qualitative and quantitative, including assets managed, the size and experience of teams, and the regulatory records of the advisors and firms. Firms elect to participate but do not pay to be included in the ranking. Investor experience and returns are not considered. The 2018 ranking refers to Edelman Financial Services, LLC, which combined its advisory business in its entirety with Financial Engines Advisors L.L.C. (FEA) in November 2018. For the same survey, FEA received a precombination ranking of 12th.
2InvestmentNews ranking and status for 2019. For independence methodology and ranking, see InvestmentNews Center.
3The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by the Financial Times (June 2019). The FT 300 is based on data gathered from RIA firms, regulatory disclosures and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to the Financial Times in exchange for inclusion in the FT 300.
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