Hi Nishith,
Experience must be completed within 10 years before and five years after successful completion of the CFP® exam. Meaning that you will have five years after passing the exam in which to complete your experience hours.
To find an internship, we recommend checking out our Career Center. This is a great resource in which to find industry jobs, and can even search for internships specifically. When you go to https://careers.cfp.net/jobseekers/, click on Internships at the top. You can also search for all available positions. Use your CFP Board account log in information to sign in.
To learn more about the Residency Program, we recommend connecting with the Financial Planning Association or visiting their website. You will find information on timing of the event, location, and registration information. By attending the Residency Program, you will earn 500 experience hours.
Let us know if you have any questions or would like to connect with someone offline to discuss other certification questions!
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Annie Moncure
Community Manager
CFP Board
candidateforum@cfpboard.org------------------------------
Original Message:
Sent: 10-25-2018 17:53
From: NISHITH SHAH
Subject: Ask the Expert: Getting Started with Certification
Thank you very much for the reply --Annie
One more question is, after passing CFP exam, by what time A person should complete the experience requirements. In other words, is there a deadline that, you must complete the experience requirement in certain time?
Also, how should I participate in Internship program or FPA residency program?
Please provide your feedback.
Thanks again,
Nishith
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NISHITH SHAH
Senior Corporate Finance
Fluor Corporation
Placentia CA
(714)404-7585
Original Message:
Sent: 10-12-2018 09:16
From: Annie Moncure
Subject: Ask the Expert: Getting Started with Certification
Hi Nishith,
Because CFP® certification indicates to the public your ability to provide financial planning without supervision, CFP Board requires you to have experience in the personal financial planning process. Qualifying experience includes activities involving the delivery of financial planning services to individual clients, rather than business or corporate finance. Whether you engage with clients directly, supervise or support the financial planning process, teach finance-related courses, or participate in internships or the FPA Residency Program, there are many paths to completing the experience requirement.
Candidates for CFP® certification often choose to establish a private practice, either by themselves or in conjunction with other planners. Some planners work for banks, credit unions, insurance companies, accounting or law firms, credit counseling organizations and brokerage firms. Other individuals earn experience through part-time positions, while they continue their current career and/or perform volunteer work. Or, they may choose a career in academia, teaching personal financial planning in a university setting. Some individuals acquire experience through a combination of these types of activities.
All candidates must complete 6,000 hours of professional experience related to the financial planning process, or 4,000 hours of Apprenticeship experience that meets additional requirements. You can read about the two pathways here. In general, 6,000 hours is 3 years of experience working 40 hours per week.
Let us know if you have any questions.
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Annie Moncure
Community Manager
CFP Board
candidateforum@cfpboard.org
Original Message:
Sent: 10-08-2018 17:54
From: NISHITH SHAH
Subject: Ask the Expert: Getting Started with Certification
Hi
I just completed course work requirement for CFP certification and now eligible to sit for CFP board exam. I am planning to sit for exam in March 2019.
Currently, I am working in a corporate finance area and after passing CFP board exam, it would be my Career change profession. However, I have a major concern about the 'experience' requirement to fulfill to get the CFP designation.
Can you please provide the guidance about, how should I earn the experience while still working full time in corporate finance? AND what are the various avenues from which I can get 'experience' ?
Secondly, approximately, how many years it will take to 'earn' the experience to be eligible for CFP designation?
Truly appreciate your suggestions/recommendations.
Thank you,
Sincerely,
Nishith Shah
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NISHITH SHAH
Senior Corporate Finance
Original Message:
Sent: 12-13-2017 12:55
From: Annie Moncure
Subject: Ask the Expert: Getting Started with Certification
Hello candidates,
Please welcome our three wonderful panelists, Lisette Smith, CFP®, Marguerita Cheng, CFP®, and Kelly Shikany, CFP® for our Ask the Expert: Getting Started with Certification session.
Please post your questions below on this thread and our experts will be responding live.
Looking forward to the session!
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Heather Arkwright
Community Manager
CFP Board
candidateforum@cfpboard.org
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