CERTIFIED FINANCIAL PLANNERTM (CFPTM) certification

The CISI Diploma in Financial Planning - helping you demonstrate the ultimate added-value service to your clients.

Becoming a CERTIFIED FINANCIAL PLANNERTM professional

If you want the confidence of knowing you will change your clients' lives for the better by the quality of the service you provide, this is the qualification that will help you create that difference. It's your route to building long term relationships with clients based on trust. Get that right and clients are not only willing to pay for such a service but also to refer you to their friends and colleagues.

You'll need to meet the entry requirements, but CFPTM certification, the only globally recognised mark of excellence in Financial Planning, should be your goal. To get there, you'll need to achieve the Diploma in Financial Planning. It's much more than a degree level qualification. Yes it is challenging, however it shows you a highly effective way of doing business.

Having the qualification and meeting the requirements mean you can use the CFP marks, which will set you apart as one of the leading Financial Planners in the UK and globally.


Eligibility Criteria

If you have satisfied both requirements below you can embark on the process of becoming a CFPTM professional. Contact ifp@cisi.org for more information on how to proceed.

Diploma in Financial Planning
+
Experience requirements
+
Hold MCSI or higher membership level
=
CERTIFIED FINANCIAL PLANNERTM certification

Applications

To apply for the CFPTM designation please complete the application form and return it to cfp@cisi.org. There is a charge of £50 for this designation and once your application is approved by the CISI you will be sent a certificate.

CFPTM Application form
CFPTM policy

The standard processing timescale for all applications is up to 15 working days, including three to five days required to post any confirmations or certificates. If you have sent your form to the CISI and you have not received email confirmation of receipt within 28 days please contact us

CFP Certification Requirements

The initial CERTIFIED FINANCIAL PLANNERTM certification process rests on the ‘Four Es’ (education, examination, experience and ethics). To become certified to use the CFP Marks in the UK, an individual must meet the requirements in the following areas, you can then apply to CISI for certification as a CFPTM professional.

Education

Candidates for CFP certification must master theoretical and practical financial planning knowledge by completing a comprehensive course of study that meets standards set by FPSB. At the CISI this is the Investment Advice Diploma (Financial Planning & Advice examination). 

Examination

Candidates for CFP certification must pass the CISI’s Financial Planning & Advice examination which assesses their ability to apply integrated financial planning knowledge to real world client situations. This covers the financial planning process, protection, retirement planning and estate planning. Candidates must also prepare a financial plan in response to a case study for assessment in order to obtain CISI’s Diploma in Financial Planning. Once they have the Diploma, candidates can apply to the CISI to become a CFP Professional.

Experience

Candidates for CFP certification must meet relevant work experience standards (one-year supervised experience or a minimum of three years of unsupervised practice experience) in the financial planning process prior to being awarded CFP certification to ensure they possess financial counseling skills in addition to financial planning knowledge. Find out more

Ethics

Candidates for CFP certification must agree to abide by the CISI’s strict Code of Conduct which defines their ethical responsibilities to the public, clients and employers. CERTIFIED FINANCIAL PLANNER professionals must disclose any investigations or legal proceedings related to their professional or business conduct and agree to place the interest of clients first, act fairly, diligently and with integrity, and offer clients professional services that are objective and based on clients’ needs. CFP professionals must disclose in writing to clients information about their sources of compensation and conflicts of interest.

Renewal Requirements

CERTIFIED FINANCIAL PLANNER professionals are required to maintain technical competence and fulfil ethical obligations. This includes completing at least 35 hours of continuing professional development education each year to stay current with developments in the financial planning profession. In addition, CFP professionals must disclose any public, civil, criminal or disciplinary actions that may have been taken against them during the certification period.

CFPTM Renewal form

Re-certification

It is necessary for every CFP certificant, once certified, to renew their certification every year. Those seeking to maintain their certification must attain a minimum of 35 hours of continuing professional development (CPD) in order to keep up to date with changes and better serve their clients. To continue using the designation you must renew your membership on an annual basis and adhere to all the CISI’s requirements for membership. If you wish to lapse the designation you can do this for a period of up to five years (see below).

Application to rejoin or reinstate CFP professional designation within five years: No reassessment will be required as long as the individual can provide suitable CPD records. If CPD records are not available and there is no valid reason then the process for rejoining after five years will apply.