Why Do Credentials Matter in Financial Planning?

Financial designations, like CFP^® and CFA, are not required in order to claim a title of financial planner or adviser.  A lack of designation indicates no requirements in experience, past or continuing education, certification exam, ethics, or enforcement of a code of conduct.  On the other hand, not all designations are alike in the extent of their requirements.  In choosing a financial adviser, it is crucial to understand his or her qualifications and certifications.  To learn more about the financial designations you might find in the financial services industry, FINRA offers an online research tool here.

Michael Dickerson, CFP^®, ChFC^®

The CERTIFIED FINANCIAL PLANNER^® designation is a globally recognized and respected credential, known for its focus on comprehensive planning to address all major financial considerations.  The CFP Board oversees all education and certification requirements, and it maintains high standards with all of its certified professionals.  See what it takes to be a CFP^® here.

The CHARTERED FINANCIAL CONSULTANT^® motto is advanced financial planning for every person and every need.  This designation encompasses comprehensive and applied financial planning to serve a wide variety of modern clients and businesses.  These professionals will work with clients on income taxes, retirement, risk management, estate planning, and investments.  The American College of Financial Services awards this designation.