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Certified Financial Planner

What can a certified financial planner do in Germany?

Discover the role and benefits of hiring a certified financial planner in Germany. Get expert advice on financial planning for a secure future.

Fabian Beining

Are you wondering what exactly a certified financial planner does in Germany? If so, you've come to the right place!

In this article, we will explore the roles and responsibilities of a certified financial planner in Germany, the certification process, English-speaking financial planners and services, financial regulations and compliance, and the salary that financial planners can expect.

So let's dive in and find out what a certified financial planner can do for you in Germany!

Before we begin, it's important to note that financial planners in Germany work in both client-facing roles and back-office positions.

They are responsible for implementing, monitoring, and updating financial planning recommendations. If you want to learn more about the general duties of a financial advisor in Germany, check out this article on Finanz2Go.

Now, let's delve deeper into the specific roles and responsibilities of a certified financial planner in Germany. So, what can they do for you? Keep reading to find out!

Roles and Responsibilities of a Certified Financial Planner in Germany

When it comes to managing your finances, it's always a good idea to seek the help of a certified financial planner (CFP).

A CFP is a professional who has undergone rigorous training and has the knowledge and expertise to guide you in making sound financial decisions. In Germany, financial planners can play various roles and have a range of responsibilities.

Let's take a closer look at what a certified financial planner can do in Germany.

Client-facing Roles

Financial planners in Germany often work in client-facing roles, where they provide personalized financial advice and solutions to individuals and families. Some of the client-facing roles that a CFP can undertake include:

  • Financial Planning: A CFP can help you create a comprehensive financial plan based on your goals, income, expenses, and risk tolerance. They analyze your current financial situation and make recommendations to help you achieve your long-term financial objectives.
  • Investment Management: A certified financial planner can assist you in managing your investments and help you build a well-diversified investment portfolio that aligns with your financial goals and risk tolerance. They stay up-to-date with the latest market trends and help you make informed investment decisions.
  • Retirement Planning: Planning for retirement is a critical aspect of financial planning. A CFP can help you determine how much you need to save for retirement, develop a retirement savings strategy, and ensure that you have enough funds to enjoy a comfortable retirement.

Back-office Positions

While many financial planners in Germany work directly with clients, some also hold back-office positions where they handle administrative tasks and support the organization's overall financial operations. Some of the back-office positions that a certified financial planner may undertake include:

  • Research and Analysis: Financial planners may be involved in conducting research and analysis on various financial products and investment options. They stay updated on market trends and economic indicators to provide the most accurate and up-to-date advice to their clients.
  • Compliance and Reporting: Financial planners have a responsibility to ensure that their clients' investments and financial plans comply with relevant regulations and laws. This includes preparing reports, monitoring regulatory changes, and ensuring that all documentation is accurate and complete.

Implementing, Monitoring, and Updating Financial Plans

Financial planners in Germany are not only responsible for creating financial plans but also for implementing, monitoring, and updating them as necessary. This involves:

  • Implementation: Certified financial planners assist their clients in implementing their financial plans by recommending appropriate financial products and services. They work closely with clients to ensure that their financial strategies are put into action effectively.
  • Monitoring: A CFP will regularly review their clients' financial plans and monitor their progress towards their financial goals. They may make adjustments to the plan based on changes in the client's circumstances or shifting market conditions.
  • Updating: Financial planners also play a vital role in updating their clients' financial plans as life events occur, such as marriage, the birth of a child, or a change in career. They help clients adapt their financial strategies to accommodate these changes and ensure that their plans remain relevant and effective.

Financial planners in Germany have a multi-faceted role, combining financial expertise, analytical skills, and interpersonal abilities to provide comprehensive financial advice and services. Whether they are working directly with clients or in back-office positions, their main goal is to help individuals and families achieve their financial goals and secure their financial future.

If you're interested in learning more about the duties of a financial advisor in Germany, you can check out this article on Finanz2Go.

Certification Process in Germany

Becoming a certified financial planner (CFP) in Germany requires individuals to complete a rigorous certification process. This process ensures that financial planners have the necessary knowledge and skills to provide professional advice and assistance to clients. Let's take a closer look at the certification process in Germany.

FPSB Deutschland

In Germany, the certification program for financial planners is administered by FPSB Deutschland (Financial Planning Standards Board Deutschland). FPSB Deutschland is the recognized certification body for financial planners in Germany and is responsible for upholding the standards and ethics of the profession.


The key certification that financial planners in Germany aim to attain is the CERTIFIED FINANCIAL PLANNER (CFP) certification. This certification is widely recognized and respected in the industry, and it signifies that a financial planner has met the educational and professional requirements set by FPSB Deutschland.

To obtain the CFP certification in Germany, individuals must follow these steps:

  1. Education: Candidates must complete an approved educational program in financial planning. This program covers various aspects of financial planning, including investment planning, retirement planning, risk management, and estate planning.
  2. Experience: Candidates must have a minimum of three years of full-time experience in the financial planning industry. This experience helps practitioners develop the necessary skills and knowledge to effectively advise clients.
  3. Exam: Candidates must pass the CFP examination, which tests their knowledge in areas such as financial planning principles, tax planning, and professional conduct.
  4. Ethics: Candidates must adhere to a strict code of ethics and professional conduct. This ensures that financial planners act in the best interests of their clients and maintain the highest standards of integrity and professionalism.

Once the above requirements are met, individuals can apply for the CFP certification through FPSB Deutschland. Upon successful completion, they become certified financial planners and can practice as professionals in the industry.

Note: It's essential to keep in mind that a CFP holds the certification owned and awarded by the Certified Financial Planner Board of Standards, Inc. This certification is recognized globally and demonstrates a financial planner's commitment to high ethical standards and advanced knowledge in the field of financial planning.

If you're considering working with a financial planner in Germany, it's advisable to choose someone who holds the CFP certification. This certification ensures that the financial planner has undergone extensive training and has demonstrated competence in providing comprehensive financial advice.

To learn more about the duties of a financial advisor in Germany, check out this article on Finanz2Go.

Next, let's explore the availability of English-speaking financial planners and services in Germany.

English-speaking Financial Planners and Services in Germany

If you're an English speaker living in Germany and are in need of financial planning assistance, you're in luck! There are several English-speaking financial planners and services available in the country that can help you navigate the local financial landscape.

Whether you're an expat or a native English speaker, these professionals can provide you with expert advice and guidance tailored to your specific needs.

Here are some notable English-speaking financial planners and services in Germany:

1. Finanz2Go

Finanz2Go is a leading English-speaking financial planner in Germany. They specialize in providing comprehensive financial planning services to both individuals and families. Their team of experienced financial planners can assist you with various aspects of financial planning, including investment management, retirement planning, tax optimization, and estate planning. They understand the unique challenges that English-speaking individuals face in Germany and can provide personalized solutions to help you achieve your financial goals. You can visit their website for more information.

2. PerFinEx

German American Financial Consultants offers financial coaching and planning services in Germany specifically for expats. They have a team of bilingual financial advisors who can provide you with guidance on a wide range of financial topics, such as investment planning, insurance solutions, and retirement planning.

Whether you're new to Germany or have been living here for a while, their expertise can help you make informed financial decisions and secure your financial future. You can reach out to them for a consultation and explore their services on their website.

If you're looking for more options or specialized services, you can refer to a directory of expat-friendly financial advisors in Germany. These directories provide a list of financial planners and advisors who specifically cater to the needs of English-speaking individuals.

The directories often provide information about the advisors' areas of expertise, qualifications, and contact details, making it easier for you to find the right financial planner for your needs.

It's important to note that when choosing an English-speaking financial planner or service in Germany, it's advisable to consider factors such as their qualifications, experience, and areas of expertise. Additionally, you may want to inquire about their fee structure and whether they offer services on an hourly basis or a percentage of assets under management.

By seeking the assistance of an English-speaking financial planner in Germany, you can ensure that you receive guidance and advice in a language that you are comfortable with, making the financial planning process smoother and more effective.

"Having a financial planner who understands your language and cultural background can make a world of difference in achieving your financial goals while living in a foreign country."

Financial Regulations & Compliance in Germany

When it comes to financial planning in Germany, it is crucial for financial planners to have a solid understanding of the country's financial regulations. To ensure compliance and to provide their clients with the best advice, financial planners in Germany need to stay up-to-date with the ever-changing regulations in the industry.

Here are some key points to understand about financial regulations and compliance in Germany:

  1. Legal framework: The financial industry in Germany is regulated by various authorities and institutions, such as the Federal Financial Supervisory Authority (BaFin) and the German Banking Act (KWG). These entities aim to protect consumers and maintain the stability of the financial system.
  2. Licensing requirements: Financial planners in Germany are required to hold appropriate licenses and certifications to provide financial advice and services. The specifics of these requirements can vary depending on the type of financial services being offered.
  3. Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations: Financial planners in Germany must adhere to strict KYC and AML regulations. They are required to verify the identity and financial information of their clients and report any suspicious activities.
  4. Ethical standards: Financial planners in Germany are expected to adhere to high ethical standards. They must act in the best interest of their clients and provide unbiased advice. They are also required to disclose any potential conflicts of interest.
  5. Data protection: Data protection is taken seriously in Germany. Financial planners must ensure that client information is handled securely and in compliance with the General Data Protection Regulation (GDPR) and other relevant data protection regulations.

Financial planners in Germany play an important role in helping individuals and businesses navigate the complexities of the financial world while complying with the country's regulations. By staying informed and upholding ethical standards, they can provide valuable guidance and support to their clients.

Mathew Conner, a certified financial planner in Germany, says:

"Having a deep understanding of financial regulations is crucial for financial planners in Germany. It allows us to provide accurate and compliant advice to our clients, ensuring their best interests are always at the forefront."

Want to learn more about financial regulations and compliance in Germany? Check out this article on the Finanz2Go blog: "Are financial advisor fees tax deductible in Germany?"

Financial Planner Salary in Germany

Being a certified financial planner (CFP) can be a rewarding career path, both financially and personally. Are you considering a career in financial planning in Germany? If so, you may be curious about what kind of salary you can expect in this field. Let's dive into the topic of financial planner salary in Germany.

The Average Salary for a Certified Financial Planner (CFP) in Germany

According to data from Finanz2Go, the average salary for a certified financial planner (CFP) in Germany is €69,578 per year. This figure can vary based on several factors, including:

  • Years of Experience: The more experience you have as a financial planner, the higher your earning potential.
  • Client Base: Building a strong and loyal client base can lead to higher earnings through commissions and fees.
  • Company Size: Working for a larger, established financial planning firm may offer more opportunities for higher compensation packages.

It's important to note that salary ranges can differ depending on the region in Germany, as the cost of living varies across the country. Cities like Munich, Frankfurt, and Berlin tend to have higher salaries due to the higher cost of living.

Factors Influencing Financial Planner Salary in Germany

Several factors come into play when determining the salary of a financial planner in Germany.

  1. Certification Level: Holding a CFP certification can lead to higher salaries and increased opportunities for career advancement. This certification demonstrates your expertise and commitment to the financial planning profession.
  2. Specializations: Financial planners who specialize in a specific area, such as retirement planning or investment management, may command higher salaries due to their expertise in a niche market.
  3. Education and Training: Continuously investing in your education and professional development can help increase your earning potential as a financial planner. Attending workshops, earning additional certifications, or pursuing advanced degrees can set you apart from others in the field.
  4. Commission Structures: Some financial planners may earn a significant portion of their income through commissions on the products and services they sell. Others may charge fees based on the complexity of the financial plan or assets under management. Understanding different compensation structures can help you negotiate a competitive salary.

Advancing Your Financial Planning Career in Germany

If you're looking to increase your earning potential as a financial planner in Germany, there are several steps you can take to advance your career:

  • Pursue Continuing Education: Stay up to date with industry trends and changes in financial regulations by participating in continuing education courses. This can help you enhance your knowledge and skills, making you a more valuable asset to potential employers.
  • Network and Build Connections: Attend industry conferences, seminars, and networking events to connect with other professionals in the financial planning field. Building a strong network can lead to job opportunities and collaboration.
  • Consider Specializing: Develop expertise in a specific area of financial planning, such as estate planning, tax planning, or business succession planning. Specializing can set you apart in the industry and potentially increase your earning potential.
  • Gain Additional Certifications: Consider pursuing additional certifications, such as the Chartered Financial Analyst (CFA) designation or the Certified Investment Management Analyst (CIMA) certification. These certifications can enhance your credibility and open doors to higher-paying positions.


In conclusion, a certified financial planner in Germany plays a crucial role in helping expats manage their finances and build assets for the long term. They provide expert advice, tailored financial plans, and ongoing support to help clients achieve their financial goals. Here are some key takeaways from this article:

  • Financial planners in Germany work in both client-facing roles and back-office positions, responsible for implementing, monitoring, and updating financial planning recommendations.
  • The certification process for financial planners in Germany is administered by FPSB Deutschland, with the CERTIFIED FINANCIAL PLANNER certification being highly recognized in the industry.
  • English-speaking financial planners and services in Germany, like PerFinEx and German American Financial Consultants, cater specifically to expats and offer expert advice and planning.
  • Financial planners in Germany have a solid understanding of the financial regulations and compliance requirements in the country.
  • The average salary for a certified financial planner in Germany is €69,578.

In a foreign country like Germany, it's essential to have a trusted financial advisor who speaks your language and understands the unique challenges faced by expats. As an English-speaking financial advisor, Finanz2Go is here to assist you in building assets in a predictable and long-term manner. Visit our website at Finanz2Go to learn more about our services and how we can help you secure your financial future in Germany.

Frequently Asked Questions

  1. What is a certified financial planner? A certified financial planner is a professional who provides holistic financial planning services to individuals and helps them achieve their financial goals. They have expertise in areas such as investment planning, retirement planning, insurance planning, tax planning, and estate planning.
  2. What can a certified financial planner do in Germany? In Germany, a certified financial planner can provide comprehensive financial planning advice to clients. They can help individuals with investment strategies, analyzing risks, retirement planning, tax optimization, estate planning, and advising on various financial products such as insurance policies, investment funds, and pensions.
  3. How to become a certified financial planner in Germany? To become a certified financial planner in Germany, individuals need to fulfill certain requirements. They must complete a recognized financial planning education program, have relevant work experience, pass a certification exam, and abide by the ethical and professional standards set by the German Financial Planning Standards Board (FPSB Deutschland).
  4. Why should I hire a certified financial planner in Germany? Hiring a certified financial planner in Germany offers several advantages. They have the knowledge and expertise to provide tailored financial advice based on your specific goals and circumstances. They can help you navigate complex financial issues, optimize tax strategies, plan for retirement, protect your assets, and achieve long-term financial security.
  5. Can a certified financial planner in Germany also provide investment advice? Yes, a certified financial planner in Germany is qualified to provide investment advice as part of their comprehensive financial planning services. They can assess your risk tolerance, recommend suitable investment options, diversify your portfolio, monitor performance, and adjust strategies based on market conditions.