{ "media_type": "text", "post_content": "I keep hearing that the CFP is worth it. What makes it worth it? The knowledge, the credibility, the confidence? All of the above I assume. Do you have prospects seek you out?", "post_id": "5d21d602258571001bba7e53", "reply_count": 7, "vote_count": 2, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

I keep hearing that the CFP is worth it. What makes it worth it? The knowledge, the credibility, the confidence? All of the above I assume. Do you have prospects seek you out?

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Speaking as someone who actually holds the credential, the CFP is definitely a leg up in the industry and is considered the gold standard. In most cases, I do not have prospects that seek me out, but on occasion there are a few. They are becoming increasingly aware of the designation and are asking if I am a CFP during the first meeting. After completing the training, I’m thoroughly convinced that the CFP designation doesn’t mean that you are smarter, but you are definitely better trained and more well rounded in majority of the areas of financial planning. Knowing what I know now, I would never let my mom, work with any other financial professional that was not a CFP.

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I paid my dues working in sales and trading for the largest US private bank, and then run the a regional investments business at the same bank before deciding to become an FA. There is no insecurities, I worked with the smartest on Wall Street and some of the smartest and most successful clients. My work experience far exceeds anything you learned from getting that CFP. If I think it will help me, I would get it. I simply stated in my case I don’t have it and don’t plan to get it. I did also say it’s a definite nice to have. RJ1 said he won’t let his mom work with anyone without it, that’s not belittling?? Let me ask you IAR1 - what do you do? How long you been doing it? And much AUM you have?

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Getting a CFP doesn’t make one smarter, but it could provide some credibility and I can see how one can feel more confident after getting it. Personally, I don’t have one, and no plans to get one at this point. But it’s definitely a nice to have.

Definitely worth it. Makes you a more well rounded planner. More and more, people are seeking out CFPs. Not saying it will won biz on its own. You still have to sell yourself. But I’ve talked with more and more people who are out interviewing for new advisors and they won’t even consider an advisor who doesn’t have it

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