|
Need is dependent on the complications of your situation .
They can make sure that all your financials work together. Investment, insurance, trusts/will, tax planning,, etc recommendations based on your family needs and risk tolerance.
A fee only CFP can be beneficial to some. A CFP must have at least a bachelors degree. They must pass the CFP test that consists of two 3 hour sessions in a closely monitored environment. About 2/3 pass the test. Complete somewhere around 4,000 hours in the financial planning area. They must also act as a fiduciary.
Back in the mid 90's I completed a CFP course and took the test. It was a MF. I didn't think that I passed it, though I did. I never worked in an area to allow me to get my certification.
|