Satisfying The CFP Board Experience Requirement As A Part-Time Career Changer

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  • Опубликовано: 8 сен 2024
  • An "#OfficeHours with Michael Kitces" Periscope, talking about satisfying the CFP Board Experience Requirement as a part-time career changer. For further details, see www.kitces.com...

Комментарии • 14

  • @GolgothanGrace
    @GolgothanGrace 10 месяцев назад

    Extremely well-articulated and informative, thanks Michael!

  • @thegoosie1
    @thegoosie1 5 лет назад +7

    skip to 8:50 to avoid the initial vent.

  • @remohj
    @remohj 3 года назад

    Great explanation and insight.
    Very well articulated.
    Thank you!

  • @JodiMcLarenMTBC
    @JodiMcLarenMTBC 10 месяцев назад +1

    I saw that you can request a 3 year extension for the experience requirement -- this seems like it might help with the part time situation. Would that extension allow folks to pursue a CFP with part time experience?

  • @Daniel-cz3vn
    @Daniel-cz3vn 7 месяцев назад

    Great information. Would making a podcast or creating a channel like yours can be counted towards experience? If so, is there a limit of hours that can be counted. Also, you mentioned vita tax volunteer is there a limit of hoirs that will be counted towards experience? Thank you.

  • @mikestarkel364
    @mikestarkel364 4 года назад

    Thanks for the insight! What are your thoughts on helping individuals/small businesses as an enrolled agent?

  • @thatsdebatable5275
    @thatsdebatable5275 Год назад

    What is you work as a Financial Analyst for the government?

  • @dclectures
    @dclectures 11 месяцев назад

    does tax preparer like an EA count as work experience for CFP 3 year work requirement

  • @ericgiddings9678
    @ericgiddings9678 Год назад

    Im a CPA that passed the CFP exam in July 2022. I have been working in public accounting (Tax) since 2016 to current. Would my tax preparation/tax planning count for some experience? I'm also studying for the 66, with the thought of applying to a BD or IA within the next year to take the 7, should I intead be doing the 65? Would you recommend the 65 or 66 prior to making the switch to an employer that will hire me as an advisor/ RIA? Any thoughts appreciated.

    • @MichaelKitces
      @MichaelKitces  Год назад

      The Series 66 is effectively a combination OF the Series 65 (to give investment advice as an RIA) and the Series 63 (for brokers of broker-dealers selling securities). If your plan is to become an advisor at an RIA, you don't need the Series 66, just the Series 65. (There's nothing 'wrong' with the Series 66 here, it just covers more than you need to work at an RIA.)
      The bigger question is setting a plan of whether you intend to go the broker-dealer or RIA route.

  • @ltmsimply
    @ltmsimply 2 года назад

    Great info one question to become a CFP do you need to have a bachelors degree?

    • @MichaelKitces
      @MichaelKitces  2 года назад

      Yes, a Bachelor's degree is required now to satisfy the Education requirement of the CFP marks. www.cfp.net/get-certified/certification-process/education-requirement

  • @user-zj1bn6mu9j
    @user-zj1bn6mu9j 5 месяцев назад

    Do you get paid for the 6000 hours? Please let me know

    • @MichaelKitces
      @MichaelKitces  5 месяцев назад +1

      Usually yes, there are entry-level jobs that qualify for the experience requirement. Sometimes as a paraplanner or associate advisor. Sometimes in an operations role (e.g., Client Service Manager) working for an advisor (which still counts towards the 3-year experience requirement).