Financial planning is the process of understanding an individual’s full financial situation and developing a plan to help them meet their goals in a way that maximizes the allocation of their financial resources. It is an ongoing process that doesn’t end at just building a financial plan. You will also help your clients implement the plan, monitor their progress, and revise the plan as needed.
Certified Financial Planner® (CFP®) certification
The Certified Financial Planner (CFP®) certification is the world’s most recognized financial planning designation. It is considered the 'gold standard’ for the profession and is offered only by FP Canada. CFP professionals have demonstrated the knowledge, skills, experience, and ethics to examine their clients’ entire financial picture, at the highest level of complexity required of the profession and work with their clients to build a financial plan so that they can Live Life Confidently™. York offers a fully online program, comprised of six 12-week courses, that provides you with everything you need to sit for the CFP® Exam.
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Financial Planning (CFP) Area
How do I become a CFP® Professional?
FP Canada, a national professional body working in the public interest, sets the requirements for CFP® certification.
There are two slightly different routes to become a CFP, and one of them grants a lower level form of certification as a first step (the Qualified Associate Financial Planner™ or QAFP™). The CFP® designation requires three years of qualifying work experience and the QAFP™ requires one-year of qualifying work experience.
Why become a professional financial planner?
Financial planning is an in-demand profession that directly contributes to the wellbeing of society. As a successful financial planner, you will be a trusted partner through all phases of your clients’ lives. You will help them manage their everyday and complex financial needs with a plan that fits their diverse and changing circumstances. Your ongoing guidance will help build their financial confidence.
Financial planners are highly sought-after and have a diverse range of professional opportunities, including retail banking, wealth management, boutique financial services firms and also, as independent professionals.
Why earn a professional designation?
Getting certified is important because it demonstrates that an individual meets stringent proficiency and ethics requirements, including high levels of education and experience.
- Knowledge and skills: Confirms that you have the knowledge, skills, experience and ethics to provide financial advice
- Professional responsibility: Confirms your commitment to the highest ethical standards
- Professional brand: Demonstrates your value to employers and clients
- Regulatory requirements: Ensures that you keep pace with evolving legal and regulatory requirements
- Trust: Fosters trust in the advice Canadians receive from you
The School of Administrative Studies at York is a Certified Education Provider
This is where we come in. If you wish to become a QAFP™ or CFP® Professional, you must take the courses at an approved institution. You register with FP Canada to become a student pursuing the CFP® designation, but you must also register with York, just like any other university student. Details of what you must do depend on your specific situation.
York offers an integrated program that combines CFP® Core Curriculum Education Program and the Advanced Curriculum. Completing the program will provide you with the educational requirements needed to take either the QAFP™ or the CFP® Exam. Based on your circumstances, you can choose to complete the courses necessary in the Financial Planning Certificate or as part of your undergraduate degree. Once you complete the courses at York, you will have everything you need to sit for the CFP® Exam or the QAFPTM Exam.
York offers both a certificate in financial planning as well as a full BCom in Finance. Which route you choose depends on your specific situation: