Article on CFA and CFP

[lig]

http://online.wsj.com/article/SB118384639855460121.html?mod=sunday_journal_primary_hs

Scott Kays has spent what he estimates to be about 700 hours scaling the investment profession's equivalent of Mt. Everest, and he's no more than two-thirds of the way there.

The Atlanta-based investment adviser recently took the second of three rigorous tests to attain the coveted chartered financial analyst, or CFA, designation. The distinction is a career pinnacle for anyone absorbed in nitty-gritty investment research and analysis, and the route to the top is demanding.

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[JoeyDVivre]

What an idiotic article.

My favorite part: "With apologies to Sir Edmund Hillary: Because it's there." Too bad George Mallory said it, not Edmund Hillary.

 

[Zforce12000]

Stupid article for this reason CFA is an institutional finance and management circulum. CFP is a personal household financial planner certification. Two different studies.

For those who have both and are financial advisors are wasting time. Because most retail clients can not appreciate the CFA designation, and when you explain the charter, they will not necessarily do business with you. To make money as a financial planner, it's not how much you know, its if the client likes and trusts you.

For those advisors seeking this CFA, don't waste your time, just go out there and market for clients. I used to work for a brokerage house out of college. Fun, but it's not in anyway technical. If you try, you will loose the client trying to explain a simple valuation presentation.