How to Become a Financial Planner: A Step-by-Step Guide

How to Become a Financial Planner: A Step-by-Step Guide

What is a Financial Planner?

A financial planner is a professional who provides advice and guidance on financial matters. They help individuals and businesses make decisions and plan for their financial future. Financial planners often specialize in areas such as retirement planning, estate planning, investments, insurance, and tax planning.

How to Become a Financial Planner

Becoming a financial planner requires a combination of education, experience, and certification. Here is a step-by-step guide for becoming a financial planner:

Step 1: Earn a Bachelor’s Degree

The first step to becoming a financial planner is to earn a bachelor’s degree. A degree in finance, economics, accounting, or business is preferable. A degree in other fields, such as mathematics or statistics, can also be beneficial.

Step 2: Gain Work Experience

After earning a bachelor’s degree, it is important to gain work experience. This can be done through internships, part-time jobs, or full-time positions in financial services firms. This experience can provide valuable insight into the financial planning profession and help prepare you for the next step.

Step 3: Earn a Financial Planning Certification

The next step is to earn a financial planning certification. This certification is typically provided by the Certified Financial Planner Board of Standards, Inc. (CFP Board). This certification requires passing an exam, meeting certain educational and experience requirements, and adhering to a code of ethics.

Step 4: Obtain Licenses and Registrations

Depending on the type of services you plan to offer, you may need to obtain additional licenses and registrations. For example, if you plan to provide investment advice, you may need to obtain a securities license.

Step 5: Join Professional Organizations

Joining professional organizations can help you stay up-to-date on the latest developments in the financial planning profession. It can also help you network with other financial planners and build your reputation in the industry.


Becoming a financial planner requires dedication and hard work. It is important to obtain the necessary education, experience, and certifications in order to provide quality financial advice and services. Additionally, joining professional organizations and obtaining licenses and registrations can help you build a successful career as a financial planner.