Certified Financial Planner™ (CFP®)
The Certified Financial Planner Certification Program (CFP®) at Florida Atlantic University is an intensive collection of courses, accredited by the CFP Board, which delivers skill building in those areas critical to financial planning. The program consists of seven required courses: Fundamentals of Financial Planning, Insurance Planning, Income Tax Planning, Investment Planning, Retirement Planning, Estate Planning, Financial Plan Development, as well as an optional, but suggested, CFP Exam Review course.
Job Outlook :
Financial Analysts and Personal Financial Advisors
Employment of financial analysts and personal financial advisors is expected to grow much faster than the average for all occupations. Growth will be especially strong for personal financial advisors, which are projected to be among the 10 fastest growing occupations.
Personal financial advisors are projected to grow by 41 percent, which is much faster than the average for all occupations, over the projections decade. Growing numbers of advisors will be needed to assist the millions of workers expected to retire in the next 10 years. As more members of the large baby boom generation reach their peak years of retirement savings, personal investments are expected to increase and more people will seek the help of experts. Many companies also have replaced traditional pension plans with retirement savings programs, so more individuals are managing their own retirements than in the past, creating jobs for advisors. In addition, people are living longer and must plan to finance longer retirements. (U.S. Department of Labor)
- “In 2011, CNN Money ranked the financial adviser profession Number 3 in terms of job growth with a projected 10-year job growth rate of 30%.”1
- “In 2012 CareerCast.com ranked financial planner the Number 5 job on its top-10 list.”2
- “…the Bureau of Labor Statistics predicts that employment opportunities for personal financial advisors will continue to grow much faster than average. It projects more than 32% growth in employment from 2010 through 2020; 14% is the average growth rate for all other occupations.”3
1CNN Money, Best Jobs in America. Available at http://money.cnn.com/magazines/moneymag/best-jobs/2011/fast-growing-jobs/3.html.
2CareerCast.com, The 10 Best Jobs of 2012. Available at http://www.careercast.com/content/10-best-jobs-2012-5-financial-planner.
We offer convenient Tuesday and Thursday evening classes. Participants may take one course per week, or fast track by taking two courses per week. Our dedicated advisors will assist you to map your fastest and most effective schedule to the CFP Exam!
An overview of the financial planning process, including ethics and standards, budgeting and financial statements, debt management, asset acquisitions, client assessment, education and special circumstance funding, fundamentals of financial institutions and economic concepts, the time value of money, organizational ownership types, property titling, basic business law, quantitative concepts, and monetary settlements.
An overview of insurance for financial planning, including: basic insurance risk concepts and needs analysis, life, health, disability, property and casualty insurance, group insurance, long term care insurance, viatical settlements, and insurance policy and company selection.
An overview of the basic principles and laws of income taxation for individuals, employees, and business owners are covered. Topics include: income tax calculations for individuals and business, compliance, and accounting methods, taxation of trusts and estates, basis, depreciation, sale of assets, alternative minimum tax, charitable contributions, and tax management.
An overview of the principles of modern investment analysis. Topics include: investment vehicles, analysis and measurement of risk and return, stock, bond and other asset valuation, portfolio theory and management, portfolio performance, passive and active investment strategies, asset allocation, efficient market theory, financial leverage, hedging with options, and taxation effects on investments.
An overview of retirement needs, Social Security and Medicare, alternative types of retirement plans, qualified plan rules and options, IRAs, Roth IRAs and other tax advantaged plans, retirement plan regulations including defined benefit and contribution plans, business firm plan selection, distribution rules. Group employee benefits plans, stock, and stock option plans, non-qualified plans, and employer/employee insurance plans.
An overview of the conservation and transfer of wealth. Topics include: documents used in estate planning, property transfer and gifting strategies, estate and gift taxes, types and taxation of trusts and wills, qualified interest trusts, charitable giving, life insurance and valuation issues, deferral and minimization of estate taxes, intra-family, business and generation-skipping transfers, disposition of estate and fiduciary responsibilities.
An in-depth review of the development of a financial plan, designed to enhance the knowledge, skills and abilities of individuals seeking to attain CFP® certification and implement an assessment of their ability to deliver professional and competent financial planning services to the public.
An optional course designed to tie the various components of the curriculum into a unifying framework, focusing on casework to engage the student into critical thinking to serve as preparation for the CFP® Board examination.
Important to Note:
The courses above are scheduled in advance, and it is incumbent on each incoming CFP® student to map out a viable plan of study from among the required courses. This will allow you to plan your schedule in the most convenient pace and format for you. PRE-mapping out your plan of study is imperative so that you may reasonably predict the date by which you will have satisfied the CFP Board's requirements against the CFP ® Board's windows to sit for the CFP® exam. For more information on your scheduling options, please visit our Long Term Schedule of Courses. If you have any questions , please email Robert Munoz.
- Members of the FPA South Florida Chapter will receive $25 off the tuition of each of the seven (7) required courses, with proof of membership. Visit the FPA South Florida Chapter's website for more information and to become a member today.
- Register for all 7 courses upfront and receive a 10% discount on program fees.
- Register 3 or more students from the same firm (simultaneously) and receive a 10% discount on program fees.
- Capstone Test Preparation Course FREE to those students who complete the CFP Board's required courses at FAU.
Scott Barnhart, PhD Finance is Program Director and developer of FAU's Executive Continuing Education Certificate program. He is also the Program Director and developer of FAU's board registered MBA Financial Planning Track.
The CERTIFIED FINANCIAL PLANNER Professional Certificate Program at Florida Atlantic University is registered with Certified Financial Planner Board of Standards Inc. (CFP Board). As a CFP Board-Registered Program, our courses satisfy CFP Board’s education requirement, allowing an individual to sit for the CFP® Certification Examination. Our instructors provide you with the most current information in financial planning.
Individuals can attain CFP® certification after fulfilling the education requirement, passing the comprehensive CFP® Certification Examination, demonstrating work experience and completing the ethics requirements. A CERTIFIED FINANCIAL PLANNER professional has attained financial planning’s most prominent certification.
Florida Atlantic University does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame logo) certification marks. CFP certification is granted only by Certified Financial Planner Board of Standards Inc. to those persons who, in addition to completing an educational requirement such as this CFP Board-Registered Program, have met its ethics, experience and examination requirements.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER and federally registered CFP (with flame logo), which it awards to individuals who successfully complete initial and ongoing certification requirements.
The CERTIFIED FINANCIAL PLANNER Professional Certificate Program at Florida Atlantic University is registered with the Certified Financial Planner
Board of Standards Inc. (CFP Board).
The mission of Certified Financial Planner Board of Standards, Inc. (CFP Board) is to benefit the public by granting the CFP ® certification and upholding it as the recognized standard of excellence for personal financial planning. For more information regarding the CFP® Certification Examination, please visit www.CFP.net.
Job Growth Rate
In 2011, CNN Money ranked the Financial Advisor profession number 3 in terms of job growth with a projected 10-yr. job growth rate of 30.1
In 2012, CareerCast.com ranked the Financial Advisor profession the number 5 job on its top ten list. 2
The Bureau of Labor Statistics predicts that employment opportunities for Personal Financial Advisors will continue to grow much faster than average. It predicts > 32% growth in employment from 2010-2020; 14% is the avergae growth rate for all other occupations.3
3 Bureau of Labor Statistics
Advisors with CFP® Certification earn 21% more than without.
Bureau of Labor Statistics