To become a financial advisor, individuals generally need formal education, registration through required securities exams, and ongoing professional training. While certifications like the CFP® or CFA can strengthen a career, they are optional—not mandatory—for becoming an advisor. Registration and continuing education requirements help ensure advisors meet professional and regulatory standards.
Starting a career as a financial advisor involves several stages of preparation. Education builds the foundation, registration exams open the door to practice, and professional development sustains a successful career.
Below, we’ll explore the main training areas: education, registration, and professional development.
Education and Registration Requirements for Financial Advisors
Financial advisors are a general catch-all term to describe a wide variety of financial professionals. For purposes of this article, we are describing the training, education and registration requirements for investment adviser representatives or (IARs). IARs are persons who provide advice to others about investments for a fee. Often investment advisors begin with a bachelor’s degree in finance, economics, accounting, or a related field. While no specific major is required, coursework in investments, business, and financial planning provides a strong foundation.
Beyond education, registration is essential. Advisors who provide investment advice for a fee are required by most states to register or become licensed1. To qualify for registration, normally passing an exam2 is a prerequisite for being licensed by a state and they must renew their registration/license annually.
Professional Certifications: Optional but Valuable
While certifications are not required to become a financial advisor, many professionals pursue them to demonstrate expertise and build client trust. These designations can support career growth and specialization:
- CFP® (Certified Financial Planner)
- CFA (Chartered Financial Analyst)
- ChFC (Chartered Financial Consultant)
- CPA (Certified Public Accountant)
These certifications typically require additional exams, education.. Advisors often pursue them mid-career to enhance their knowledge and credibility.
Ongoing Training and Career Development
Financial advisors must also engage in continuing education to maintain their registration and keep up with regulatory updates. Employers often provide structured training programs, and professional associations offer workshops and courses to support ongoing learning.
A career in financial advising often develops in stages:
| Stage | Typical Training Focus | Career Notes |
| Entry-Level | Registration exams, foundational financial knowledge | May work under supervision |
| Mid-Career | Client management skills, optional certifications | Increased independence |
| Advanced/Senior | Specialized training, leadership development | May manage teams or mentor others |
Ongoing training ensures advisors remain compliant with industry regulations while sharpening their ability to guide clients through evolving financial landscapes.
Contact Vantage Point today to learn how our team can help build thoughtful strategies designed to help you live retirement boldly and on your terms.
FAQs
1. What is the CFP® certification?
The Certified Financial Planner™ (CFP®) certification is a credential that shows an advisor has met education, exam, and experience requirements2.
2. Do all financial advisors need a degree in finance?
No. While many study finance, business, or economics, some enter the field from other disciplines.
3. Are certifications like the CFP® required?
No. Certifications are optional, but many advisors pursue them to expand expertise and demonstrate professionalism.
4. Why are continuing education courses required?
They help advisors stay compliant with regulations and adapt to new financial strategies and products.
5. What is the difference between a CFP® and CFA?
A CFP® focuses on financial planning for individuals and families, while a CFA typically emphasizes investment management3.
Citations
- Investment Advisor Guide, NASAA, Accessed September 25, 2025, https://www.nerdwallet.com/article/investing/what-does-a-financial-advisor-do
- Exams, Accessed September 25, 2025, https://www.nasaa.org/exams/
- Certified Financial Planner (CFP): Meaning, Certification Requirements, NerdWallet, Accessed September 4, 2025, https://www.nerdwallet.com/article/investing/certified-financial-planner
Investment advisory services are offered through Vantage Point Financial, a registered investment adviser. Registration with any regulatory body does not imply any particular level of skill. This material is provided for informational purposes only and should not be construed as investment, tax, or legal advice. Working with a financial planner does not ensure financial success or prevent loss. All investments involve risk, including the possible loss of principal. Past performance does not guarantee future results. The scenarios presented are hypothetical and are intended for illustrative purposes only. They do not reflect actual client results and are not guarantees of future outcomes. Individual results will vary. Certain financial strategies may offer tax advantages, but outcomes depend on individual circumstances and are subject to change due to tax laws and other external factors. Vantage Point Financial does not provide legal or tax advice. Consult a tax professional. Retirement outcomes depend on a variety of factors, including individual savings behavior, market performance, health events, and other considerations. Certain statements herein may reflect the firm’s current views, expectations, or beliefs, which are subject to change without notice. For additional information about our services, fees, and disclosures, please refer to our Form ADV Part 2A, available at https://vantage-point.mwdevsite.com or upon request at no cost.
