2006-09-21 16:57:39 · 2 answers · asked by fiesty1 1 in Business & Finance ➔ Careers & Employment
CFP is a professional designation is all. It's mostly a branding like, like Kellog's cereal. Nor is the the hardest financial planning designation to earn - that's the ChFC.
As with everything else, it's an individual's attitude that determines how well they will do for you. If they are out for a commission, first last, and always, watch out. But if they are convinced that the most important thing is that you do well, and if their clients do well then so will they, they're worth listening to. I've know baby Series 6s I'd trust with every dollar I had - and CFPs and ChFCs I wouldn't trust with a nickel.
2006-09-21 17:08:01 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
Not necessarily. But being a CFA does help. In India, lot many people operate as financial planners and wealth managers even without being formally trained to do so. Experience with a fundamental knowledge of finance allows people to do this.
If u want to get into the financial planning as a career, please complete CFA. Study many financial markets and investment related things. It's a very vast subject as well as complex.
Best luck.
2006-09-22 00:09:31 · answer #2 · answered by Nitin G 7 · 0⤊ 0⤋