CFP

[gwoods]

@Mike79

@gwoods

@Mike79

@gwoods

Yes because the CFA doesn’t teach financial planning to the degree that is needed to be a competent financial planner. If you just want to do just investment management and retirement plans, then no. The CFA is enough.

I got the ChFC instead because it costs less and they are less intrusive on your practice. The CFP board wants to be like FINRA. I’m against adding an unnecessary layer of bureaucracy regulating my practice. Apparently, based on the news, they don’t do a good job anyway.

Besides, most laypeople don’t know the difference between the charters and certifications. CFP advertises a lot but people are confused. You’ll get planning business with just a CFA…

How can you provide financial planning services to clients, if you don’t hold a planning designation (CFP, ChFC)?

It’s a designation not a license. You can do financial analysis without a CFA…

Sorry let me clarify; does your broker dealer let you deliver a written financial plan to a client if ou don’t hold a financial planning designation?

I dont have a broker dealer. If I hired more advisers I would require that they are pursuing one. When I was with a BD they did not require one. In fact, the sales managers discouraged it in favor of a focus on sales. Its one of the reasons I left.