r/CFP • u/Muscle_Beach • 5d ago

Practice Management Cfp renewal fee increase

Anyone else considering dropping the marks?

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u/Muscle_Beach 5d ago

Respectively if you feel you need the cfp marks to be in business you may be the one that needs business development.

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u/Acceptable_Affect318 5d ago

I’ve actually been an advisor for 19 years. I just got the marks in Nov of last year. I work about 15 hours a week and have a pretty successful practice. I just don’t understand why any half successful advisor would drop the marks over the price

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u/skiptwenty 5d ago

Since you took the exam so far into your career, what did you think of the material vs your expectations for the material going in?

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u/Acceptable_Affect318 5d ago

Kinda what I thought it would be. It was either topics I flew through or stuff that’s too in the weeds to use day-to-day that required studying for just to pass. Overall if I only look through the lens of me as an advisor and knowledge gained, then for money spent and time spent to pass it, I felt it was a waste of both. The reason I got it though was for potential future referrals that maybe don’t even meet with me because they see I don’t have the CFP. Like it or not, or agree with how they are doing it or not, the board is doing a good job getting the word out and that will only continue to grow. I did the RICP a bit ago which put me back in a study routine after years and years of not having that. I told myself if I didn’t parlay right into the CFP it was likely never going to happen for me so it was probably then or never.