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Written By: Allan Slider

Updated: March 14, 2025

Certified Financial Therapist™ (CFT™): What it Means and Why it Matters

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A Certified Financial Therapist™ (CFT™) is a professional who integrates financial planning with therapeutic techniques to help individuals and couples address the emotional aspects of their financial lives. This unique approach combines expertise in finance and mental health to improve clients’ relationships with money and alleviate financial stress.

Understanding the Role of a Certified Financial Therapist™

Financial therapists assist clients in exploring their beliefs, emotions, and behaviors related to money. They help uncover underlying issues that may lead to financial challenges, such as overspending, chronic debt, or conflicts over money in relationships. By addressing these psychological factors, clients can develop healthier financial habits and achieve greater financial well-being.

How Do Financial Advisors Earn the CFT™ Designation?

To become a Certified Financial Therapist™, candidates must meet specific educational and experience requirements:

  • Educational Background: A bachelor’s degree in a finance-related or mental health-related field is required. Alternatively, holding designations such as Certified Financial Planner™ (CFP®) or Accredited Financial Counselor® (AFC®) also qualifies.
  • Competency Training: Candidates must complete foundational courses in financial therapy, typically offered through educational video series and self-study.
  • Experience Requirements: A minimum of 500 hours of relevant experience is required, with at least 250 hours involving direct client service. The remaining hours can include activities like research, teaching, or additional client interactions.
  • Examination: Candidates must pass a comprehensive exam assessing their knowledge in financial therapy, financial planning, and therapeutic competencies.
  • Ethical Standards: Adherence to the Financial Therapy Association’s (FTA) Standards of Practice and Code of Ethics is mandatory. This ensures that professionals maintain a fiduciary relationship with clients and uphold the highest standards of care.

Benefits of Working with a Certified Financial Therapist™

Engaging with a CFT™ can provide several advantages:

  • Holistic Financial Planning: CFT™s address both the practical and emotional aspects of finances, offering comprehensive guidance.
  • Improved Financial Behaviors: By understanding the psychological factors influencing financial decisions, clients can adopt healthier money habits.
  • Enhanced Relationships: Couples can resolve money-related conflicts and establish unified financial goals with the help of a CFT™.

When to Consider a Certified Financial Therapist™

You might consider consulting a CFT™ if you experience:

  • Financial Stress: Persistent anxiety or stress related to financial matters.
  • Money-Related Conflicts: Frequent disagreements with a partner or family members about finances.
  • Unhealthy Financial Behaviors: Patterns such as compulsive spending, chronic debt, or avoidance of financial responsibilities.

Conclusion

Certified Financial Therapists™ play a crucial role in bridging the gap between financial planning and mental health. By addressing the emotional components of financial decision-making, they empower clients to achieve both financial stability and emotional well-being.


Governing Body: The Certified Financial Therapist™ (CFT™) designation is governed by the Financial Therapy Association (FTA).


Frequently Asked Questions

What is a Certified Financial Therapist™?

A Certified Financial Therapist™ (CFT™) is a professional trained to integrate financial planning with therapeutic techniques, helping clients address the emotional aspects of their financial lives.

How can a CFT™ help me?

A CFT™ can assist in uncovering and addressing psychological factors that influence financial behaviors, helping you develop healthier money habits and alleviate financial stress.

What qualifications are required to become a Certified Financial Therapist™?

Candidates must have a bachelor’s degree in a finance-related or mental health-related field, complete specific competency training, acquire relevant experience, pass a comprehensive exam, and adhere to ethical standards set by the Financial Therapy Association.

When should I consider consulting a Certified Financial Therapist™?

Consider consulting a CFT™ if you experience persistent financial stress, money-related conflicts in relationships, or unhealthy financial behaviors such as compulsive spending or chronic debt.

How do I find a Certified Financial Therapist™?

You can locate a Certified Financial Therapist™ through the Financial Therapy Association’s directory, which allows you to search for professionals based on your specific needs and location.

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About The Author:

Allan Slider

Allan Slider is the Founder of FeeOnlyNetwork.com, a one-of-a-kind digital platform that elevates the visibility of fee-only financial advisors, individually and collectively. Fee-Only advisors are ONLY compensated by the client and NEVER make commission by selling financial products, or receiving kickbacks from brokerage firms. Allan is a consumer & investor advocate and a 20+ year veteran of online marketing for financial advisors.

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