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Financial Planning


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August 18, 2023

Why use a Certified Financial Planner ™?

If you have not yet developed a relationship with a Certified Financial Planner™, then this is an item that should be very high on your priority list. Just like your family has a doctor, a dentist, and perhaps other medical professionals to help keep your physical health in good shape, a Mount Pleasant financial advisor with the credentials of the CFP program helps your family maintain and grow its financial health. The earlier you begin working with a CFP, the more confidence you can have in your long-term ability to reach financial independence. 

With the help of a Financial Planner, you can think deeply about your financial goals, explore the investment options available to you, and build a fantastic plan for reaching your short and long-term goals. Life is unpredictable, and it is extremely helpful to have an objective, highly trained, and client-focused third party to assist you in making these often difficult and emotional decisions. So, why specifically use a Certified Financial Planner™? 

When you have someone managing your finances, they need to not only be someone you can trust, but someone who is objectively knowledgeable, skilled, and up to date on the full range of financial topics that impact your balance sheet. Not every financial planner has the CFP® designation, which is one of the most prestigious personal finance designations. As the trademark symbol after the designation indicates, it is a carefully controlled certification granted by the Certified Financial Planner Board of Standards in the US. Only those who complete the required training and testing mandated by the board are authorized to carry the CFP® designation. 

There are four requirements for becoming a CFP®: education, a certifying exam, experience, and ethics.  

A bachelor’s degree from an accredited university is required along with the CFP® curriculum. The comprehensive exam tests the applicant on a variety of financial topics and real life applications, requiring him or her to demonstrate the educational content can be skillfully applied to a real client’s situation. A minimum of 4,000 hours of experience in either a qualified role or under a CFP® professional’s supervision is also required, ensuring the new CFP® has seen a wide range of situations, challenges, and opportunities in the financial field. However, the most significant factor is the ethics component, which sets a level of ethical behavior to be followed as communicated by the CFP® Board. After all, there is little value for the client in a knowledgeable, expert financial advisor who puts his own priorities first and follows questionable practices. 

As a whole, the CFP® designation indicates a financial planner is both qualified in their field and working to genuinely benefit you. 

With a Certified Financial Planner™ you can continue towards the future with confidence, knowing you have an ethical and knowledgeable person to help you through life’s financial ups and downs. At Twenty Fifty Capital, we are proud to offer our clients access to a CFP® who is ready to put their expertise to work to grow their investments and prepare for the future.

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