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David G. Strege, CFP®, CFA
Financial
Planning
as a
Career
The US Bureau of Labor Statistics consistently ranks . . .
. . . in the top 10 fastest growing professions
“PersonalFinancialAdvisory”
Financial Planneras
Coach and CounselorHelp clients with unique and often challenging situations discover and solve financial problems and achieve life goals
As an experienced professional, you can mentor others entering the profession
Differentiation
CERTIFIED FINANCIAL PLANNER™ Certification is considered the gold standard in financial planning designations, according to a recent Wall Street Journal article.
Differentiation
Set yourself apart and gain instant credibility for your practice and expertise.
It is estimated that the earnings of a financial planner who is certified exceed those of a financial planner who is not by almost 33 percent.
CFP® Certification Process
Initial Certification - must meet the following four
initial certification requirements
(known as the four "Es"):
Education Examination
ExperienceEthics
You need to be knowledgeable in all areas covered by the financial planning topic list
3 ways to complete the educational requirement:
–CFP Board-Registered Programs–Challenge Status–Transcript Review
Education
The CFP® Certification Examination assesses your ability to apply your financial planning knowledge to financial planning situations.
Combined with the education and experience requirements, it assures the public that you have met a level of competency appropriate for professional practice.
Examination
Experience
3 years full-time
relevant personal
financial planning
experience
Ethics
- describes the minimum standards of acceptable professional conduct for individuals authorized to use CFP Board's CFP® certification marks
Code of Ethics and Professional Responsibility
(Code of Ethics)
CERTIFIED FINANCIAL PLANNERBOARD OF STANDARDS, INC.
1670 Broadway, Ste. 600, Denver, Colorado 80202-4809
P: 800-487-1497F: 303-860-7388E: [email protected]: www.CFP.net
Increasingly large financial services firms make CFP® certification part of their hiring requirements
Many firms reward attainment and retention of the certification with career and salary enhancements
CFP® certification provides the advantage of easily communicating expertise to clients and supervisors and opening career opportunities
CFP® certification has international appeal
Enhanced Career and Professional Development Opportunities
Job Opportunities
FinderGrinder
MinderBusiness Owner
Compensation
Total Compensation – Median Salary
Job Title Certificate Holder
Non Certificate Holder
Financial Planner $75,000 $55,000
Investment Advisor $93,057 $92,500
Rainmaker $120,000 $50,000
Paraplanner $42,000 $37,300
Compensation
Total Compensation – Median SalaryJob Title All Participants Elite Ensembles
Financial Planner $68,250 $78,000
Investment Advisor $93,057 $140,000
Rainmaker $60,000 $70,000
Paraplanner $38,000 $40,039
Research Analyst $45,000 $61,591
Client Service $36,000 $42,000
Customer Support $32,000 $36,516
Benefits of the Profession• Personal Satisfaction in helping others with complex financial issues• Entrée into a growing profession• Impact Society in a beneficial way
The Good Life by Reverend Peter Gomes • We are custodians of values in our society that is in desperate need
of values.• Why do we care how we manage our wealth, because that is where
our values are and get exhibited. So our profession can be very good or very bad for our culture.
• We can influence people for good or for ill. Do the best we can with what we have. Everyday we can turn some bad into good. We can make the difference in a good way which is a very good thing.
• The result will be the pleasure known as contentment.
David G. Strege, CFP®, CFASyverson Strege & Company
4400 Westown Parkway, Ste. 405
West Des Moines, IA 50266
P: 515-225-6000
F: 515-225-6888
W: www.sss-co.com