Financial Designations

Decoding financial advisor designations and certifications

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Confused about what seem like secret codes following the names of financial professionals? We’ve decoded some of the most common financial certifications and what each represents.

CFP® - CERTIFIED FINANCIAL PLANNER™ professional

Those with the CFP® certification have completed studies on topics including stocks, bonds, taxes, insurance, retirement planning and estate planning. They also agree to uphold CFP® board’s Code of Ethics, complete experience requirements and more.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ CFP® (with flame design) and CFP® (with plaque design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

For more information visit cfp.net

ChFC® – Chartered Financial Consultant®

Individuals with the ChFC designation have demonstrated their thorough knowledge of financial planning. They usually have at least three years’ experience in a financial industry position as well as pass an exam covering income tax, insurance, investment and estate planning topics.

For more information visit theamericancollege.edu

CFA® - Chartered Financial Analyst®

A CFA® has passed rigorous exams covering topics such as portfolio management, asset valuation and more. They typically have a strong foundation of advanced investment analysis

For more information visit cfainstitute.org

CFS® – Certified Fund Specialist®

The CFS designation is awarded to individuals who have demonstrated knowledge in the mutual fund industry. They are required to complete a program that covers advanced topics in fund analysis and selection, asset allocation and portfolio construction.

For more information visit icfs.com

CIMA® – Certified Investment Management Analyst®

Financial professionals with the CIMA designation have attained a level of competency as an advanced investment consultant. They usually have at least three years professional experience, pass a certification exam and complete an executive education program.

For more information visit imca.org

Professionals pursuing a designation and/or certification commit to hours of study, proficiency and high professional and ethical standards in order to provide the knowledge , service and experience you deserve on your financial journey.

Source: http://www.investopedia.com/articles/01/101001.asp

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