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CFP Board in the News

Poll: CFP, CFA Top Credentials in Wealth Management

Jan 27, 2011

The CERTIFIED FINANCIAL PLANNER[™] certification and the Charted Financial Analyst (CFA) designation are the best credentials for client-facing wealth advisors to have, according to respondents in a FundFire poll.

Roughly 45%, or 140 voters, chose the CFP® certification, making it the top response in the poll, published Wednesday, that asked readers which professional credential is the best for advisors. The CFA came in second place, with about 30%, or 93 voters, who chose it as the top designation.

“The CFP® certification speaks directly to what [advisors] do and is specific to the wealth management industry,” says Danny Sarch, president of Leitner Sarch Consultants. “The CFP® certification is seen as rigorous and has a philosophy that firms like. It’s been recognized as something that takes a lot of work to accomplish, and it’s a real differentiating credential. The CFA and CIMA are great, but they’re not as broad as the CFP® certification; they are not as holistic for investment professionals.”

FundFire.com
Mariah Summers
January 27, 2011
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Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call himself a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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