CERTIFIED FINANCIAL PLANNER™ Services
Finding a financial advisor right for your unique financial situation is challenging. Perhaps most difficult, is finding a financial advisor with extensive experience and those qualifying credentials unique among elite financial advisors.
Greg Phelps, CFP®, AIF®, CLU®, AAMS® is Redrock’s President and Lead Wealth Steward. He is one of roughly 100 financial advisor professionals in Las Vegas who have invested the time and resources to earn his CERTIFIED FINANCIAL PLANNER™ credential.
The CFP® professional mark is endeared to providing the very best in financial advice, planning, and investment management.
The credentials and experience that come with the CFP® mark are paramount to providing our clients confidence inspiring & value added financial advice. More importantly, they’re crucial to delivering our clients the exceptional financial services our clients have come to expect.
What does it take to be a CERTIFIED FINANCIAL PLANNER™?
Directly from the CFP® Board’s website:
To become certified, you are required to meet the following initial certification requirements (known as the four “Es”):
These four components are briefly described below; subsequent sections of this Guide to CFP® Certification provide detailed information about each component. While the CFP® certification requirements may be changed from time to time, you will be expected to meet the requirements that are in place at the time you apply for the CFP® Certification Examination.
The first step to CFP® certification is to acquire the knowledge required to deliver professional, competent and ethical financial planning services to clients, as outlined in the major personal financial planning topic areas identified by CFP Board’s most recent Job Analysis Study (See the list of Principal Topics). CFP Board’s coursework component requires the completion of a college-level program of study in personal financial planning, or an accepted equivalent (through Challenge Status or Transcript Review), including completion of a financial plan development (capstone) course registered with CFP Board. You must also have earned a bachelor’s degree (or higher) from a regionally-accredited college or university in order to obtain CFP® certification. The bachelor’s degree requirement is a condition of initial certification; however, it is not a requirement to be eligible to take the CFP® Certification Examination and does not need to be met before registering for the examination. CFP Board does not grant equivalencies or exceptions to the bachelor’s degree education requirement.
After you have successfully met the education coursework requirement, you will be eligible to register for the CFP® Certification Examination. The CFP® Certification Examination assesses your ability to apply your financial planning knowledge, in an integrated format, to financial planning situations (See the Principal Knowledge Topics). Combined with the education, experience, and ethics requirements, it assures the public that you have met a level of competency appropriate for professional practice.
Because CFP® certification indicates to the public your ability to provide financial planning without supervision, CFP Board requires you to have 6,000 hours of experience through the Standard Pathway, or 4,000 hours of experience though the Apprenticeship pathway that meets additional requirements. Qualifying experience may be acquired through a variety of activities and professional settings including personal delivery, supervision, direct support, indirect support or teaching.
CFP® professionals agree to adhere to the high standards of ethics and practice outlined in CFP Board’s Standards of Professional Conduct and to acknowledge CFP Board’s right to enforce them through its Disciplinary Rules and Procedures. When you have completed the education, examination and experience components of the CFP® certification process, you will be directed to complete a CFP® Certification Application on which you will be asked to disclose information about your background, including your involvement in any criminal, civil, governmental, or self-regulatory agency proceeding or inquiry, bankruptcy, customer complaint, filing, termination/internal reviews conducted by your employer or firm. CFP Board conducts a detailed background check for all candidates, including review of any disclosures made on the CFP® Certification Application. Matters that may or will bar you from obtaining certification are investigated in accordance with CFP Board’s Disciplinary Rules and Procedures. Authorization to use the CFP® marks will not be approved until the background check and any investigation are concluded successfully.