Certified Financial Planner Board of Standards, Inc.
What it is:
The CFP® designation is a formal recognition of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement, certified by the CFP Board.
Why it’s important:
The CFP® designation is widely considered the standard of excellence for financial planners. CFP® professionals have undergone more than 250 hours of extensive training and 6,000 hours of experience. The CFP® designation is one of the toughest to earn in this industry.
ChFC® - Chartered Financial Consultant®
What it is:
A ChFC® indicates successful completion of nine financial courses and practical experience. Topics covered include estate planning and employee benefits planning.
Why it’s important:
A Chartered Financial Consultant® has not only completed educational courses, but also possesses practical experience in key topics such as estate planning, employee benefits planning, asset protection planning, income tax planning, and more. This enables us to provide reliable financial advice to clients from a comprehensive approach.
RICP® - Retirement Income Certified Professional®
What it is:
The RICP® designation is a formal recognition of specialized expertise in retirement income planning.
Why it’s important:
An RICP® has the deep, specialized expertise to help retirees and nearretirees use the assets they have accumulated for retirement sustainably. They have extensive knowledge on utilizing social security, creating financial action plans for long-term care and health-care needs, securing housing and planning for income taxes, legacies, and distributions, among other retirement essentials. Earning this designation requires 3 years of experience, over 180 hours of study, and on average takes one year to complete. Only 7.5% of financial advisors have earned the RICP® designation.
CLU® - Chartered Life Underwriter®
What it is:
The CLU® designation indicates specialization and in-depth knowledge in life insurance and estate planning.
Why it’s important:
Our clients face a broad range of risks and financial situations. The CLU® designation provides us with expertise in practical, legal and ethical aspects of life insurance and estate planning to approach our clients’ unique situations.
Certified Public Accountant
What it is:
The certified public accountant (CPA) is a professional license given to qualified accountants who have passed a rigorous exam, known as the Uniform CPA Exam. CPAs must meet education, work, and examination requirements—including completion of 150 hours of education and a minimum of two years of public accounting experience.
Why it’s important:
A CPA has experience in accounting and understands tax implications, which can provide important insights and better-informed decisions related to tax-efficient financial planning.
While there is a member of the team who has their CPA license, financial representatives do not render tax advice. Consult with a tax professional for tax advice that is specific to your situation.
An investment in education pays the best interest.
Welcome to Phase Financial
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