My understanding of the differences
The CFP is, indeed, QFA+ and if you pay your money and attend classes is practically impossible to fail.
The CFA is a highly reputed qualification for investment professionals and no bother, at all, to fail.
I'd heard of CFP before - a sort of high-class QFA qualification suited to advising wealthy individuals and businesses.
But now I hear of another international qualification, CFA.
Is the latter course covering essentially the same ground as CFP ?
If so, is the perspective/emphasis different ?
Are the 2 qualifications equally suitable to financial advisory roles for people with elaborate financial planning needs ?
In Ireland, it seems to be difficult to fail this alright.
Hi Trajan,
For a job as a financial adviser, the CFP might make more sense. I think you captured it well when talking about depth. CFA gets into investment related stuff deeply whereas CFP looks at a much broader range of subjects but in much less depth. Earlier criticism aside, it's a level 9 qualification, from a reputable uni so it must be a big improvement on the QFA. The problem is that you could have two people who compete the CFP, one of who is very capable and the other not at all - and the qualification (coz pretty much everyone passes) won't separate the wheat from the chaff!
I wouldn't have the stats on the pass rate of the grad dip. Not that interested in it to bother finding out either.
You might find some useful info here: https://www.reddit.com/r/cfa/. Large pinch of salt for some of it!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?