After certification, CFPs® also focus on financial planning, investment strategies, and wealth management. They also come with the additional designation of completing the work to understand how to manage your finances.
Generally, CFPs® offer two main types of services—financial advice and financial planning. A CFP® can help with a particular financial challenge or work with you to develop a comprehensive financial plan.
Similar to a financial advisor, CFPs® may focus their practice in certain areas, such as equity compensation or insurance planning. Others may have expertise in dealing with certain kinds of situations, such as military families or clients with multiple businesses and complex finances.
Whether you decide to work with a financial advisor or CFP®, find an advisor that puts your interests first–this is what’s known as a fiduciary. CFP® professionals are fiduciaries as they have committed to the CFP® board and are required to act in their client’s best interests.
When it comes to managing your money, it’s essential to find an advisor that can help you understand the value of financial planning and help guide you successfully towards your financial goals. Whether you’re just getting started in your career, saving for the future, or trying to pay your bills and get out of debt–know that there’s an advisor for you.
Look for an advisor who can meet you where you are and grow with you as your financial life becomes more intricate (buying property, starting a family, etc.). No matter what stage you are in, partnering with a professional and prioritizing financial planning can help you reach your goals.
Financial advice for real people, by real people. You shouldn't need a degree to understand your money. Join Head of Education Brittney Castro and Altruist mentors as they break down financial tips and strategies in a real way to help you finally understand how to achieve your financial goals faster.