Description
Financial advisors who are CFPs have met the rigorous training and experience requirements of the CFP Board, have passed the certification exam and are held to high ethical standards. CFPs have a fiduciary duty to their clients.
Financial planners can offer services that don’t require regulation, such as guidance on how to pay down debt, plan for retirement or create a budget, but some are also investment advisors. Note that financial advisors can use the title "financial planner" without holding the CFP designation. If you’re specifically looking for a CFP, be sure to check their credentials with the CFP Board.
If you need a financial advisor, NerdWallet recommends working with a CFP whenever possible. Check out some of the best online financial planning services that include access to CFPs below.
