Professional Finance Designations

This week I discussed with university students various professional financial designations. As well, potential career paths that the different finance related certifications may offer.

There are a multitude of available financial designations. Three common ones include: Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), and even Chartered Accountant (CA) or Certified Public Accountant (CPA).

Today, I want to quickly link to a few posts I have previously written on this topic. (more…)

I believe that successfully growing wealth over the long term is more about the financial planning process than just the actual investment selections.

That is why I preach a holistic approach to wealth management. Know who you are as an investor (i.e., Investor Profile). Build a written, comprehensive Investment Policy Statement reflecting your unique situation.

Financial success is more than just investing alone.  (more…)

HighTower Advisors has created a great video comparing investment brokers with fiduciaries.

A broker is someone who takes a fee in exchange for executing a transaction. They provide a service in return for compensation. For the most part, a broker is not a fiduciary. However, brokers – depending on where they reside, professional qualifications, company, regulatory oversight, etc. – may have certain duties of care to their clients.

A fiduciary is someone with a legal duty of care to the client. It is more than simply executing transactions. More as if the fiduciary steps into your shoes to try and best meet your needs.

It is an important distinction. Make certain that you always know whether you are dealing with a fiduciary or not. I am not saying never to deal with a non-fiduciary. Only that you know the difference between the two. And, if appropriate, take steps to safeguard your best interests over those of your representative (agent, banker, broker, financial planner, etc.).

Now to the HighTower video.  (more…)

October 17 through 23 saw the Financial Planning Standards Council celebrate their 3rd annual Financial Planning Week in Canada.

I am sure fun and games were had by all.  (more…)

Careers as a CA/CPA, CFA, or CFP

What are the similarities and differences between professional financial accountants, Chartered Financial Analysts (CFA), and Certified Financial Planners (CFP)?

Being all three, this is a question I get asked a lot.

And right now as students begin to contemplate their career options, it is a topical issue.

So how do they compare?  (more…)

Professional Designations in Finance

In my last post, I compared the Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP) designations.

A bit of an apples and oranges comparison.

This post will briefly discuss comparable financial designations. (more…)

CFA versus CFP

A reader wrote in to ask two related questions.

One, is the Chartered Financial Analyst (CFA) or the Certified Financial Planner (CFP) designation more difficult to obtain?

Two, which is the more “valuable” designation?

Interesting questions that I shall try to answer. (more…)

Many Finance Career Options

Often I am asked about programs for those wanting to enhance their finance credentials.

There are a variety of options out there. (more…)

© 2009-2014 Personal Wealth Management All Rights Reserved