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For those of you with the CFP designation, did it help you win over business much more so than prior to you getting the designation?

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Because pretty much anyone can call themselves a “financial advisor” after passing a licensing exam of some kind, the CFP definitely helps signal to potential (and existing) clients that you’re serious about the profession and acting as such. I was actually hesitant to respond this thread because it’s always the same tired old responses (not having the CFP didn’t hold me back, my experience is more valuable, clients don’t care, etc.) but yesterday our firm met with a $3.5MM potential new client who booked with us specifically because 100% of our advisors must get the CFP. So yeah, there may be some clients who don’t care, but obviously there are others who do, and you cut yourself off from ever getting those phone calls with the designation.

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I think it certainly helps to win business, but it would be a huge mistake to get it and expect it to be a crutch for biz development.

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I think its helped me win business in 2 ways, 1 pure knowledge on very small things that someone needed and I could help with and then also it being well known has just given me a little bit more credibility, I don't think I've had anyone be like I chose you just for your designation.

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I don’t have it and I feel less and less of a need to get it. We just passed $1M in production and I’ve only received requests about the CFP twice in my career that I can recall. I feel the commitment of time is to heavy versus it’s benefit. Possible for personal enrichment but I think I’d rather get an MBA.

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If someone asks if I have it, I'll usually say yes and give a little blurb about what it means then move on. Definitely not a crutch you can rely on but I don't think it hurts your credibility in talking with a stranger

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I was 52 when I got my CFP so it is never too late. I had a young child at home so had to stretch the classes over 18 months. I already had the MBA and don’t think I ever got a job because of it. I also have a CDFA. Bottom line, I love to learn so it was never an option to me to NOT go for it. I belong to a collaborative divorce group that requires both a CFP and CDFA and I get tons of business from the group. So the designations have paid handsomely for me. Also, I have seen an uptick in CFP commercials lately so will be interesting to see if that creates more interest among consumers.

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People still watch commercials?

I’ve held back from getting it just because 1. Clients don’t seem to care 2. People who have it have told me that it doesn’t really matter besides the knowledge acquired. 3. You can acquire the same (or better) knowledge without having to test for the designation. There’s internal qualifications that do the same. I think if you have the $ and time to get it, go for it. It definitely doesn’t hurt you but don’t expect much from it other than being able to do your job with a better understanding of what the hell you’re doing.

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I’ve taken the courses twice but never sat for the exam. That being said, I wish I had taken the exam. Bc now I’m 39 and unlikely to want to take time away from life to study. Do I think it would add business? Probably not. In 13 years of doing this I’ve never had a prospect or client ask about CFP. Now have I missed out on prospects? There’s no way to measure that.

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It’s been extremely helpful for me. I don’t use it to attract business, however the knowledge I gained helps me to deeply serve my clients with confidence.

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Yes it helps; get it.

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I don't have anyone else who gets this, but I hit my personal goal this year in almost every category; revenue, income, AUM growth, etc. Our fiscal year ends in October and I ended the year with a bang. Just super excited and I hope everyone else knows, this business is worth it when you put in the time and effort! Edit: also passed CFP in March!

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The first CFP is a bunch of bull crap! Georgia over Alabama. All of the Big Ten getting shafted. WHAT GIVES??!!

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The only 5 people who have EVER asked me if I am a CFP... BTW I'm not... have been Millennials and gen-xers looking to start DCAing $250 a month into a Roth. Not 1 person of significant wealth. LOL

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CFP CE. Are there any online options that don’t require a test at the end?

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I'm interested in hearing from those that hold the designation:After achieving the CFP did you/how did you announce it to your clients?

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Recently got my CFP and wanted to push more in the planning direction. Kind of young for seminars so I thought maybe do more door knocking. What do you think about no soliciting signs though?

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Any recommendations for a CFP self-study program? Looking for something relatively cheap with good practice questions. No need for live classes. Thanks!

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For my FAs who are also CPAs (or anyone who knows I guess 😊) - do you know if there is a way to simultaneously get your CPE for the CPA while also preparing for the CFP? Continued in comments...

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How soon should someone start thinking about pursuing CFP or CFA designation? What are the requirements and is it worth it?

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Considering becoming a CFP and CFA but I’d like to know what the job market looks like. For those of you who are practicing, how long were you searching for a job and are you satisfied with your experience thus far?

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CFP designation even though not a fee base planner. Do you see any conflicts of interest/ misleading? Should a CFP be required to be a fee based planner?

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ChFC or CFP? And why? Also, take in consideration not having a Bachelors

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I am taking the CFP exam in July. I currently have my RICP but I struggle with how to market the designation. I’m fearful that I will have the same problem with the CFP. What do you do to show people you have these designations aside from having the letters after your name? @

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Anyone believe CFP's do a better job than non CFP? Or is it mostly a marketing plan?

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Out of curiosity, what designations do you have? CFP, CFA, CIMA, ChFC, etc. Do you feel that your having, or not having, a designation has put you at an advantage/disadvantage?

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I am looking to drop my series 7 and join an RIA. I’ve finally accepted that the BD environment is a terrible fit for me. I would like to join an RIA team because I’m just over 5 years in and I would like to have some mentors to continue learning from, but if I can’t find the right fit then my plan is to launch my own. Where to start looking for an established RIA? I have not completed my CFP yet.

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I’m a CPA/FA and want to sit for the CFP exam. When I took the CPA I used CPAExcel and I loved it bc it broke down the material into “bite sized” lessons. Anything like that for CFP? Continued..

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