Ross Pake once pursued a major professional credential in financial planning; a professional certification designation verified by a well-known Board of Standards. This unique board oversees these certifications in the United States and helps meet requirements for 25 other organizations. Candidates looking to achieve this particular designation must meet requirements of education, examination, experience and ethics, and pay a regular certification fee.
Ross Pake once pursued this professional designation, one that is only attainable by meeting a variety of requirements. Educationally, the candidate must hold a Bachelor’s degree or higher, or its equivalent, from an accredited institution. Canada does not require a formal university degree. In the United States, the formal degree requirement may be obtained within five years of passing the required exam.
Seekers of this designation, which is a crucial credential for many within the financial planning industry, may also take the Division of Financial Planners Board Exam before acquiring the formal education requirement. Students must have mastery over a list of over 100 topics relevant to financial planning, a curriculum which is equal to approximately 18 semester credit hours, or 6 regular business courses. Topics such as the General Principles of Finance, Insurance planning, Employee Benefits, Investment and Securities, State and Federal Income Taxes, Estate and Gift Taxes, Asset Protection, Retirement planning, Estate and Financial planning and Transfer Tax planning are a general list of the studies which must be included.
The comprehensive exam became a requirement in 1991. As Ross Pake knows, candidates must pass a 10-hour multiple choice exam with 285 questions to attain this unique certification. The exam measures the candidate’s ability to apply his/her knowledge to financial planning for their clients. The exam is a computer-based test. Candidates for the certification must show extensive experience in financial planning, which is defined as work experience as a supervisor, supporter, teacher and deliverer of the personal financial planning process to clients. Experience may be acquired by serving in an internship or shadowing a professional with documented hours. Sponsorship and mentorship could assist the candidate in showing work experience with clients in educating and informing about the financial planning process.
The highest standards of ethics and continuing education combine with advisor employees of the highest character at Legacy. Certificate holders with the Board that oversees the certification process must comply to the highest Code of Ethics and Professional Responsibility to Financial Planning Practice Standards. All advisors at Ross Pake’s Legacy Wealth Management have a fiduciary duty to clients’ investments. Many throughout the industry are monitored by the aforementioned Board through the Disciplinary Rules and Procedures protocols. Certified Advisors must complete 30 hours of continuing education which include 2 hours of Board of Standards ethical information every two years. This update also includes licensing fees and can be formed from a variety of established educational experiences.
Ross Pake once pursued this professional designation, one that is only attainable by meeting a variety of requirements. Educationally, the candidate must hold a Bachelor’s degree or higher, or its equivalent, from an accredited institution. Canada does not require a formal university degree. In the United States, the formal degree requirement may be obtained within five years of passing the required exam.
Seekers of this designation, which is a crucial credential for many within the financial planning industry, may also take the Division of Financial Planners Board Exam before acquiring the formal education requirement. Students must have mastery over a list of over 100 topics relevant to financial planning, a curriculum which is equal to approximately 18 semester credit hours, or 6 regular business courses. Topics such as the General Principles of Finance, Insurance planning, Employee Benefits, Investment and Securities, State and Federal Income Taxes, Estate and Gift Taxes, Asset Protection, Retirement planning, Estate and Financial planning and Transfer Tax planning are a general list of the studies which must be included.
The comprehensive exam became a requirement in 1991. As Ross Pake knows, candidates must pass a 10-hour multiple choice exam with 285 questions to attain this unique certification. The exam measures the candidate’s ability to apply his/her knowledge to financial planning for their clients. The exam is a computer-based test. Candidates for the certification must show extensive experience in financial planning, which is defined as work experience as a supervisor, supporter, teacher and deliverer of the personal financial planning process to clients. Experience may be acquired by serving in an internship or shadowing a professional with documented hours. Sponsorship and mentorship could assist the candidate in showing work experience with clients in educating and informing about the financial planning process.
The highest standards of ethics and continuing education combine with advisor employees of the highest character at Legacy. Certificate holders with the Board that oversees the certification process must comply to the highest Code of Ethics and Professional Responsibility to Financial Planning Practice Standards. All advisors at Ross Pake’s Legacy Wealth Management have a fiduciary duty to clients’ investments. Many throughout the industry are monitored by the aforementioned Board through the Disciplinary Rules and Procedures protocols. Certified Advisors must complete 30 hours of continuing education which include 2 hours of Board of Standards ethical information every two years. This update also includes licensing fees and can be formed from a variety of established educational experiences.