Have you ever wondered what’s the best financial advisor certification? After all, there are about 100 different certifications and designations, but only three matter.
Today, we investigate the three important certifications and what you need to know about each one. From how long they take to the training required, you can learn which certification is right for you.
Now, are you ready to get started? Here’s a quick look at the top financial certifications:
Certified Financial Planner
This rigorous certification contains four parts that you must complete to hold the title of a CFP. They include prior education, thorough experience, understanding job ethics, and an assessment.
First, you must have a minimum of a bachelor’s degree in financial planning to get this certification. To complete additional coursework and quizzes, you’ll likely have to study 8 hours per week.
Also, this certification requires a minimum of three years of financial planning experience. That way, you have a good understanding of the job and what to do.
To complete the ethics rule, promise to abide by the standards of candidates, which states that you must put each client’s interests above your own. Before a CFP certification can be awarded, you must pass a six-hour online exam.
Then, you’ll become a certified financial planner. Congratulations!
Personal Financial Specialist
Personal financial specialists are popular among the institute of certified public accountants. After all, PFS candidates study investing, insurance, retirement planning, and much more.
To earn a PFS title, you must have three years of professional experience. Also, you should have a bachelor’s degree in financial planning. Additionally, you should pass an online exam.
Some programs offer financial counselors who can help you with difficult coursework. These counselors usually work as a fee only financial planner. That way, they can share their variety of knowledge and understanding of topics with you.
Chartered Financial Analyst
Having a CFA title is crucial, especially in portfolio management, and investment banking. There are strict requirements such as educational background, professional experience, and assessment qualifications.
First, you must have a bachelor’s degree or alternate education. Also, you must have four years of professional experience in a financial related job.
Yet, the difficult part of earning this certification is passing the three, six-hour online exams. The topics differ from finance, mathematics to accounting, and even economics. Once you pass all three exams, you’ll be awarded the title of a chartered financial analyst.
Receive a Financial Advisor Certification Today
Earning additional financial certifications is incredibly important. Not only does it increases your creditability in your profession, but it can boost your hireability rate and how much you make per year. So make sure you study hard, and complete all the required coursework and pass the needed exams. These certifications can help you further your career.
For more information about obtaining a financial advisor certification, visit our website today. We look forward to helping you!