The MFP® Designation
The most commonly held professional designation is Master Financial Planner (MFP®). The GAFM Board issues it, the nonprofit certifying and standards-setting organization that administers the MFP exam.
“Master Financial Planner” is a formal credential of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement. The designation is awarded to individuals who successfully complete the MFP® Board’s initial exams and then engage in ongoing annual education programs to maintain their skills and certification.
A Financial Planner may do much more than simply advise clients on available investments. They may assist their clients with budgeting, retirement planning, education savings, insurance coverage, or tax optimization strategies.
- Financial planners work with individuals, families, and corporations to help them effectively manage their current money needs and long-term financial goals.
- Some financial planners may hold the “MFP®” professional designation to establish their qualifications.
- Financial planning includes help with budgeting, investing, retirement savings, tax planning, and insurance coverage.
- Some financial planners specialize but many offer overall services.