Certified Financial Planner (CFP)
How vast is the CFP exam?
The CFP exam is a tough exam as it requires a lot of preparation and one needs to cover a vast variety of topics in depth. To ensure your safe hands in this exam, you should be well prepapred and focus on what is relevant and stick to your study plan.
Is there any difference between CFP and CFA?
Yes. A CFP (Certified Financial Planner) offers financial planning advice such as investment decisions, estate planning, retirement planning and taxes to individuals. Whereas, a CFA is a Chartered Financial Analyst. They work for investment banks or hedge fund and they are experts in financial analysis, modeling, portfolio management and trading services.
What is the difference between a CFP and a financial advisor?
A CFP is a certified professional who have had some amount of experience and is obligated to follow fiduciary standard. While financial advisor is an umbrella term which actually covers different types of financial advisors such as investment advisors, brokers, financial consultant, financial coach, CFP, wealth advisors, portfolio and asset managers, and robo-advisors.