Credentials of a Personal Financial Planner

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Credentials of a Personal Financial Planner Rebecca Shook English 122 Mr. Ray Nowak January 18, 2010 Credentials of a Personal Financial Planner In the world of personal financial planning, there can be much uncertainty. The changeable environment requires a qualified expert to navigate the landscape. Eleanor Blayney of the Certified Financial Planners Board of Standards “believes that the financial world is too complex to shoulder alone and that everyone should have access to professional financial planning assistance” (CFP, 2009, Learning About section para 2). The many elements can involve cash flow management, retirement planning, estate planning, taxes, and securities investing amongst other aspects. Each facet has its own qualifications and certifications. If a person is looking to become a personal financial planner, what are the credentials required? First, look at the educational requirements. Of course, one must first receive a bachelor's degree in accounting. This degree at Ashford University includes such aspects as principles of accounting, statistics, principles of finance, business law, federal income taxes, and auditing. A specialization in finance can also be included by taking courses in financial institutions and markets, investment principles, and personal financial management. One can go on to gain a master's degree in financial planning. Although Ashford University does not offer this particular master's degree, its accreditation with CHEA would allow for credit transfers to such schools as College for Financial Planning that does offer a masters in financial planning. The College for Financial Planning offers a Masters of Science in finance. By obtaining this degree at a college concentrated in financial planning, one is better prepared to pass the CFP Certification Exam. According to the College for Financial Planning,

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