CFP preparation after obtaining CFA

Ha, I remember the brokerage firm i worked for made me do the AAMS. That was a complete joke. It really is sad that there are all these “designations” out there. About 90% of the people in my sales class at this regional brokerage firm were “sleazy sales people” with prior career selling construction equipment, selling jewels, selling used cars. I think maybe one other person is still in the finacial services industry. they just slung a bunch of insurance products and loaded mutual funds until they washed out of the industry.
 
Bucky, I work with advisors needing the CFP education or Review. The books for the review are different than the books for the education. When you’re originally going through the educational courses you have reading materials that teach you the foundation…for the CFP exam you will need to know how to apply that foundation of knowledge.
Since the CFP exam is not about memorizing definitions it’s not recommended that you just take a bunch of practice quizzes…that will not be sufficient enough. Classes are recommended because the instructors have taken the CFP exam, they teach the education and receive feedback from students, and because there’s no sense in spending months studying incorrectly.
With the Capstone Course being added in 2012 the Exam policy also changed. You can take the exam a maximum of only 5 times and 3 consecutive testing cycles. The Capstone Course should be something a financial planner can get through pretty easily.
I would be more than happy to discuss with you options in preparing for the CFP. My direct number is 877-311-9766.
 
jen k. wrote:
Bucky, I work with advisors needing the CFP education or Review. The books for the review are different than the books for the education. When you’re originally going through the educational courses you have reading materials that teach you the foundation…for the CFP exam you will need to know how to apply that foundation of knowledge.
Since the CFP exam is not about memorizing definitions it’s not recommended that you just take a bunch of practice quizzes…that will not be sufficient enough. Classes are recommended because the instructors have taken the CFP exam, they teach the education and receive feedback from students, and because there’s no sense in spending months studying incorrectly.
With the Capstone Course being added in 2012 the Exam policy also changed. You can take the exam a maximum of only 5 times and 3 consecutive testing cycles. The Capstone Course should be something a financial planner can get through pretty easily.
I would be more than happy to discuss with you options in preparing for the CFP. My direct number is 877-311-9766.
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Let me paraphrase this for you, Bucky.
“Hi! My name is Jen, and I make money by convincing people to sign up for classes to prepare for the CFP. I don’t make any money if you don’t take classes, so my professional recommendation is for you to take classes.”
 
Greenman72 wrote:
Let me paraphrase this for you, Bucky.
“Hi! My name is Jen, and I make money by convincing people to sign up for classes to prepare for the CFP. I don’t make any money if you don’t take classes, so my professional recommendation is for you to take classes.”
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Ohhhhhh Snap, Boooooom! The CFP is the biggest racket in finance. They make you take required education courses that cost no less than $4.5K and I am sure the CFP board gets a kick back from all the “independent 3rd party educators”. The dues are insane and they make all this money from their certified continuing education. I just got a card in the mail today advertising how CFPs make 30% more, instantly. It is an organization run by retail brokers with a retail broker mentality. I would be embarrased if the CFA ever started advertising that way.
 
Don’t mean to bash you, Jen, but you’re probably not the most unbiased person around. And if you read some of my older posts, you’ll see that I’m actually a big proponent of the CFP for those who want to work retail.
 
It’s cool Greenman72. I speak with people everyday who are going through the education or studying for the exam. Many people are humbled after sitting for and failing the CFP exam because they went in thinking they knew everything based on years of experience.
Just wanted to put my 2 cents in and correct one of the comments made about no repercussions for taking the exam more than 3 times.
 
Actually, that was an eye-opener.
I’m actually considering the CFP, but that will be in a few years, and after the partners give me a green light to start doing comprehensive financial planning, not just taxes. In the meantime, it’s just tax and valuation.
 
jen k. wrote:
It’s cool Greenman72. I speak with people everyday who are going through the education or studying for the exam. Many people are humbled after sitting for and failing the CFP exam because they went in thinking they knew everything based on years of experience.
Just wanted to put my 2 cents in and correct one of the comments made about no repercussions for taking the exam more than 3 times.
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^ a kind lady
 
Anyone know of a cheap Capstone online course that can be done before October CFP registration. Now it is required to show evidence of completing the Capstone course at registration.
 
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