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| *Ostroff, Fair and Company>>>Financial Services |
Does anyone know the difference between a Chartered Financial Analyst and a Certified Financial Planner? |
Which one is better? More recognized? Hi! Both of these are highly recognized, but I would go with the CFP if you are looking at working with individual or small group planning, and CFA if you want to analyze and work for a large group. CFA, formerly known as Association for Investment Management and Research. To sit for the examinations, you have to have a 4 year degree, or 4 years of qualified work experience, in investment decision making. Curriculum is based on: Ethics and Professional Standards Quantitative Methods (such as the time value of money, and statistical inference) Economics Financial Statement Analysis Corporate Finance Analysis of Investments (stocks, bonds, derivatives, venture capital, real estate, etc.) Portfolio Management and Analysis (asset allocation, portfolio risk, performance measurement, etc.) Certified Financial Planners, on the other hand, really looks at planning for individuals. They must have a bachelor's degree and pass a background check and pass an exam. The examination covers General principles of financial planning Insurance planning Employee benefits planning Investment planning Income tax planning Retirement planning Estate planning If you have a bachelor's degree and want to prepare for the CFP exam, consider the college for financial planning (http://www.cffp.edu/index.aspx).... From the looks of it, their students tend to pass the exam at a higher rate than those who train elsewhere. Good luck! Source(s): www.cfainstitute.com www.cfp.net |
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