Poll: CFP, CFA Top Credentials in Wealth Management

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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.”

Mariah Summers
January 27, 2011
Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

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 themselves 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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