About the Financial Planning Profession

Financial planning is the process of meeting one’s life financial goals through the proper management of financial resources. The financial planning process helps people take a holistic, “big picture” look at their finances, determining where they are now, where they would like to be in the future and what they must do to reach their goals.

Financial planning developed as a profession after World War II. Over the decades that followed, financial planning became increasingly professionalized, including with the introduction of the CERTIFIED FINANCIAL PLANNER™ certification in the 1970s. in 1985, an independent, non-profit certifying and standards-setting organization was established to receive ownership of the CFP® marks and responsibility for continuing the CFP® certification program to the new organization: the International Board of Standards and Practices for Certified Financial Planners, Inc. (IBCFP), known today as Certified Financial Planner Board of Standards, Inc. (CFP Board).

Today, many professionals may call themselves “financial planners,” but only CERTIFIED FINANCIAL PLANNER™ professionals complete extensive training and experience requirements and are held to rigorous ethical standards. From budgeting, to planning for retirement, to saving for education, to managing taxes and insurance coverage, CFP® professionals help their clients bring all of the pieces of their financial lives together. CFP Board currently authorizes nearly 73,000 individuals to use the CFP® mark in the U.S.

Learn More About Becoming a CFP® Professional