Final answer:
A CFP® certification renewal requires 30 hours of continuing education per reporting period, inclusive of 2 hours of ethics training.
Step-by-step explanation:
When you obtain your CFP® certification, you are required to complete continuing education (CE) courses to maintain your certification. During each reporting period, you must complete 30 hours of CE to renew your certification. The purpose of this requirement is to ensure that certified professionals keep their knowledge up-to-date with the latest developments in the financial planning field and maintain their competency.
- Out of the total 30-hour requirement, 2 hours of CFP Board-approved ethics CE are mandatory. This means that you must complete two hours of CE in ethics approved by the CFP Board, so you can demonstrate your ethical understanding and commitment as a financial planner.
- It is important to note that failure to complete the required CE hours by the end of the reporting period can result in losing your certification. Therefore, it is highly recommended to plan ahead and complete your CE hours well before the deadline.