The TOP Financial Advisor Designations


The TOP Financial Advisor Designation takes a look at the most popular certifications financial advisors are earning in their fields. Also, takes into account the most valued certifications as indicated by the industry. 

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The TOP 10 Designations for Financial Advisors

Here are the TOP designations I have found to be most beneficial for financial advisors. Please add your thoughts!

Note: FA HUB is providing this information as a public service. It is correct to the best of our knowledge, but we neither guarantee its accuracy nor endorse any credentials for which we are not responsible as a credentialing organization.

Source: https://fahub.net/index.php/the-top-designations/







1

CFP®

May 04, 2017 - cfp.net - 2
CFP®

Offered By:

CFP Board

Pre-Requisites:

3 years of Financial Service, Bachelors Degree

Education Requirements:

Complete educational program approved by CFP board CPA, ChFC®, CLU®, CFA, Ph.D. in business or economics, DBA, or JD

Exam Details:

Mulitple Choice, 170, Testing Site (Prometric)

Time to Complete:

~1-2 years

Cost:

$4,000-$7,000 USD

Continuing Education:

30 hours every two years

Website:

CFP Website

2

CFA®

May 04, 2017 - cfainstitute.org - 0
CFA®

Offered By:

CFA Institute®

Pre-requisites:

4 years of approved work experience or Bachelors Degree

Education Requirements:

Sequential Passing: Level I, Level II, and Level III

Examination Details:

Level I: Multiple Choice, 240, Testing Center Level II: Multiple Choice, 120, Testing Center Level III: Essay + Multiple Choice, 360 minute, Testing Center

Time to Complete:

~4 years

Estimated Cost:

$3500-$5000

Continuing Education:

N/A

Website:

CFA Institute

3

ChFC®

May 04, 2017 - theamericancollege.edu - 0
ChFC®

Offered By:

The American College

Pre-requisites:

3 years of full time, relevant work experience

Education Requirements:

9 College Level Courses (HS 300, HS 311, HS 321, HS 326, HS 328, HS 330, HS 333, HS 314, HS 319)

Examination Details:

Multiple Choice, 50 Questions, Testing Center (9 exams taken sequentially at the end of each course)

Time to Complete:

~2-3 Years

Estimated Cost:

$5,130

Continuing Education:

30 hours every two years

Website:

ChFC Website

4

CIMA®

May 04, 2017 - imca.org - 0
CIMA®

Offered By:

IMCA®

Pre-requisites:

3 years of financial service work experience and pass background check

Education Requirements:

Pass pre-qualification exam and complete online or in-person executive education program with a top 20 business school,

Examination Details:

Multiple Choice, 100 Questions, Testing Center

Time to Complete:

250 hours

Estimated Cost:

$8,500

Continuing Education:

40 hours, including two ethics hours, required every two years.

Website:

CIMA Website

5

CPA

May 04, 2017 - aicpa.org - 0
CPA

Offered By:

The American Institute of Certified Public Accountants

Pre-requisites:

2 years of public accounting with most states, Bachelors of Business Administration degree in Accounting or Finance

Education Requirements:

Examination Details:

280 Multiple Choice + 28 Case Study Response + 3 Written, Testing Center

Time to Complete:

~2-3 Years

Estimated Cost:

$3,000

Continuing Education:

120 hours every three years
Website:
CPA Website

6

CPWA®

May 04, 2017 - imca.org - 0
CPWA®

Offered By:

IMCA®

Pre-requisites:

5 years of financial service work experience, pass background check, bachelor’s degree from an accredited college or university or one of the following designations or licenses: CIMA®, CIMC®, CFA ®, CFP®, ChFC®, or CPA license

Education Requirements:

Complete pre-study program and week long in-class educational program

Examination Details:

Multiple Choice, 125 Questions, Testing Center

Time to Complete:

~1-2 years

Estimated Cost:

$6,725-$7,870

Continuing Education:

40 hours, including two ethics hours, required every two years.

Website:

CPWA Website

7

CLU®

May 04, 2017 - theamericancollege.edu - 0
CLU®

Offered By:

The American College

Pre-requisites:

3 years of full time, relevant work experience

Education Requirements:

8 College Level Courses (HS 311, HS 323, HS 324, HS 330, HS 331 + 3 Elective Courses)

Examination Details:

Multiple Choice, 50 Questions, Testing Center (8 exams taken sequentially at the end of each course)

Time to Complete:

~2-3 years

Estimated Cost:

$4,560

Continuing Education:

30 hours every two years

Website:

CLU Website

8

CRPC®

May 04, 2017 - cffpinfo.com - 0
CRPC®

Offered By:

College for Financial Planning

Pre-requisites:

None

Education Requirements:

8 Modules

Examination Details:

Multiple Choice, ?, Testing Center

Time to Complete:

<1 Year

Estimated Cost:

$1260-2060

Continuing Education:

16 hours every two years

Website:

CRPC Website

9

PFS

May 04, 2017 - aicpa.org - 0
PFS

Offered By:

The American Institute of Certified Public Accountants

Pre-requisites:

2 years of public accounting with most states, Bachelors of Business Administration degree in Accounting or Finance

Education Requirements:

Minimum of 75 hours of personal financial planning education within the five-year period preceding the date of the PFS application
Examination Details:
Multiple Choice, 160+. Testing Center

Time to Complete:

~2 years

Estimated Cost:

$1,000-$2500

Continuing Education:

60 hours (or its equivalent) of continuing professional education every three years

Website:

PFS Website

10

AEP®

May 04, 2017 - theamericancollege.edu - 0
AEP®

Offered By:

The American College

Pre-requisites:

5 years of estate planning work experience, and either CPA, CFP, CTFA, JD, or CLU/ChFC

Education Requirements:

GS 815 + 1 Elective Course

Examination Details:

Time to Complete:

<1 year

Estimated Cost:

$3,300

Continuing Education:

30 hours every two year (15 hours in estate planning)
Website:
AEP Website

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