The term "CFP" stands for Certified Financial Planner, a professional designation awarded to financial planners who meet specific education, examination, experience, and ethical requirements. CFP professionals help individuals and businesses create comprehensive financial plans, covering areas such as investments, retirement, taxes, and estate planning. To earn the CFP designation, candidates must complete a rigorous curriculum and pass the CFP exam, which tests their knowledge of financial planning concepts. Additionally, they must have relevant work experience and adhere to a strict code of ethics, ensuring they act in the best interests of their clients.