Certified Trust and Financial Advisor vs. Traditional Financial Planner: What's the Difference?

CFTA Conditions

ExamLabsDumps What Is a Certified Trust and Financial Advisor( CTFA)?

The ABA requires Certified Trust and Financial Advisor aspirants to have at least three times of wealth operation experience. Qualifying wealth operation experience includes giving advice on trusts, estates, withdrawal accounts and analogous matters.

Aspirants with three to five times of experience must also complete a wealth operation training program. There are four program options available. Those with at least five times of experience don ’t need to complete a wealth operation training program but must have a bachelorette’s degree. aspirants with 10 times or further of wealth operation experience don ’t need moreover a wealth operation training program or a bachelorette’s degree to earn the CTFA instrument.

Assuming the banker has the required experience or combination of experience and education, he or she can take the CFTA test. To maintain their instrument, CTFAs must complete 45 continuing education credits every three times and uphold the instrument’s law of ethics. They also have to pay an periodic figure of$ 275 to the ABA to renew the instrument.

The CFTA test

The test you must take to earn a CFTA is a 200- question, multiple- choice test. Test- takers have four hours to complete the test. The test covers five main content areas. Fiduciary and trust conditioning, fiscal planning and duty law and planning each comprise 25 of the test. Investment operation is another 20 of the test, while ethics is the remaining 5.

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