What's the difference between CFP and CFA and AFP?

AFP and CFP are generally put together, because AFP is the first level of CFP. Only by passing AFP can you apply for CFP education examination and finally apply for CFP qualification.

AFP is the primary standard for financial planners, and it is certified by China Financial Planners Standard Committee. The banking financial management department recognizes this certificate. AFP is the most basic certificate if you want to do the bank's wealth management business.

CFP is a higher level of CFP qualification certification system. CFP qualification certificate is recognized as the authoritative grade certificate of financial management industry in the United States and even the world.

At present, China has set up a financial planner standards committee and introduced CFP-related examinations and standards to China. It adopts two-level authentication system, namely financial planner AFP and international financial planner CFP, which is more in line with the local characteristics of China.

CFA is the "gold standard" of the investment community and is called "the first test of global finance". Obtaining CFA certification is not only helpful for individuals to enter the high-paying financial industry, but also an important guarantee for career promotion. Employers and media all over the world regard CFA franchising as an excellent professional standard.

2. The assessment content is different.

AFP qualification training is the first stage of CFP qualification training, and the course is the principle of financial management, with a total of 108 class hours.

The qualification examination includes financial management foundation, investment planning, personal risk management and insurance planning, employee welfare and retirement planning, personal tax and inheritance planning, etc.

CFP certification includes several steps such as training, professional examination and professional ethics evaluation. Among them, the professional examination includes six modules: introduction to financial planning, investment planning, insurance planning, tax planning, retirement planning and employee welfare, and advanced financial planning.

Meet the education, examination, experience and moral standards ("4E" standard) stipulated by the international CFP organization, and obtain the qualification certification. CFA exam content is divided into three different levels, namely Level 1, Level 2 and Level 3.

CFA qualification examination is conducted in English. Candidates should not only have financial knowledge, but also have good English reading ability, especially financial English terms.

The examination covers a wide range of financial knowledge, while examining the latest financial market-related knowledge and the latest research results in the financial field.

3. Different training objectives

AFP financial planner must be able to correctly analyze and evaluate the financial situation of customers, and tailor a reasonable financial plan for customers according to their career stage and risk tolerance.

International financial planners must master the basic knowledge and practical skills of financial management, grasp the trends of national economic and financial policies, be familiar with the operation of various financial markets and the basic principles of personal financial management, and be able to provide financial investment and financial services for individuals by using modern financial tools.

CFA chartered financial analysts should not only have rich and extensive financial knowledge, but also have the ability of analysis and practice, which can meet the requirements of major financial institutions and specialize in a specific financial analysis.

Extended data

1, Chartered Financial Analyst (CFA)

It is the most stringent qualification certification with the highest gold content in the global investment industry, and also the professional qualification certification in the securities investment and management circles.

The CFA Institute, headquartered in the United States, is an organization that hosts CFA exams and awards CFA chartered titles. It is composed of global investment professionals and belongs to a global non-profit professional organization.

Since CFA exam entered China, the number of CFA applicants has increased exponentially every year. In the exam in June this year alone, the number of CFA applicants was close to 5,000.

But the passing rate of candidates is very low. It is known that the CFA certification pass rate is one-fifth in the world, and it is even lower in China.

Gold content of certificate:

In view of the formality, professionalism and authority of CFA examination, its qualification has been widely recognized in the global financial field and has become a passport for banking, investment, securities, insurance, consulting and other industries.

CFA certificate holders include senior staff of world-renowned financial and investment institutions, and their salaries are also considerable. CFA's annual salary in the United States is around $200,000.

Examination content:

CFA requires the holder to establish a strict and extensive financial knowledge system and master the theoretical and practical knowledge in all core areas of the financial investment industry, including portfolio management, financial asset valuation, derivative securities, fixed-income securities, quantitative analysis and so on.

The exam is conducted in English, and you must pass three levels, each level is 6 hours. Every June and 65438+February, nearly 100 countries around the world take exams simultaneously. China candidates can take CFA exams in Shanghai and Beijing.

Application conditions:

Relevant employees with college education or above. Those who have passed CFA Advanced Level Examination must have at least 3 years working experience in finance, investment, management and other fields to be eligible for CFA certificate.

In addition, CFA test is a global unified English test paper, so there are certain requirements for candidates' English reading and writing ability. Registration fee: The registration fee for CFA exam ranges from about 400 to 900 US dollars, including original teaching materials and training fees, with an average of 20,000 to 30,000 yuan. ?

2. International Financial Planner (CFP)

Also known as Certified Financial Planner or Certified Financial Planner, with the increasing domestic financial management fever, all walks of life have higher and higher demand for financial management specialization, and the improvement of financial management awareness calls for more financial planners with professional skills.

International Financial Planner (CFP) is the most authoritative personal financial professional qualification in the field of global financial services. It is sponsored by the International Association of Financial Planners (IAFP), and its talent training direction is financial planners who manage customers.

According to the customer's asset status and risk preference, provide comprehensive financial advice including all aspects of the customer's life, find the most suitable financial management method, and ensure the preservation and appreciation of his assets.

At present, China has set up a financial planner standards committee and introduced CFP-related examinations and standards to China. It adopts two-level authentication system, namely, financial planner (AFP) and international financial planner (CFP), which is more in line with the local characteristics of China.

Gold content of certificate:

CFP certificate is one of the authoritative financial advisor certification projects in the world. For individuals, CFP certificate is the identification of financial experts, and it is also a powerful guarantee for obtaining high salary and higher vocational education.

In the United States, the annual income of a CFP is more than 1 10,000 dollars, while in China, the annual salary of a financial planner can reach 500,000 dollars. At present, the annual income of financial planning practitioners in China's insurance industry, banking industry and other fields is generally above 654.38+10,000 yuan. If they get CFP certificates, their wages will rise.

With the opening of WTO market, the demand of banks for CFP will increase greatly.

Examination content:

CFP certification includes several steps such as training, professional examination and professional ethics evaluation.

Among them, the professional examination includes six modules: introduction to financial planning, investment planning, insurance planning, tax planning, retirement planning and employee benefits, and advanced financial planning, all in English.

Application conditions:

Candidates need to have a certain knowledge of finance and economics and basic knowledge of English, as well as working experience in banking, funds, insurance, securities and other related financial industries.

Application fee: At present, the CFP domestic training examination fee is about1.5,000 to 25,000.

3. Certified International Investment Analyst (CIIA)

The examination is an advanced international certification qualification examination tailored by the registered international investment analysts association (ACIIA) for practitioners in the financial and investment fields.

Those who have passed the CIIA exam can be awarded the CIIA title by the International Association of Certified Investment Analysts if they have more than three years of relevant working experience in financial analysis, asset management and/or investment.

Since the official launch of the 2006 54 38+0 CIIA exam, more than 5,000 people around the world have taken the final exam, and more than 2,800 professionals have been awarded the title of CIIA.

Driven by various regional and national/regional associations, CIIA will attract more professionals' reference and expand its international influence; A broader global CIIA alliance will also be gradually formed.

CIIA certificate holders are suitable for brokerage industry, investment analysis, corporate financing and investment banking.

CIIA？ As an internationally recognized professional qualification examination in the field of financial investment, the examination has been recognized by China Securities Association as the highest level examination in the securities industry in China. At present, it is sponsored by China Securities Association in China, and the examinations are held twice a year in March and September.

Refer to Baidu Encyclopedia International Financial Planner