[quote=BankFC]I think the CFA is more respectable than the CFP.[/quote]

Sort'a like saying a Formula 1 driver is more respectable than an F16 pilot.... tow very different areas, even though both deal with the element of speed.

[quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

So tell me, are you as arrogant in person as you are when you post?

[quote=skeedaddy2][/quote]

::takes bow::

[quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

It's hard to compete from atop a high horse, ain't it?

[quote=Dirk Diggler][quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

It's hard to compete from atop a high horse, ain't it?

[/quote]

JO?

[quote=joedabrkr][quote=Dirk Diggler][quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

It's hard to compete from atop a high horse, ain't it?

[/quote]

JO?

[/quote]

Joe,

What you do in the privacy of your own home, infront of your computer, while your wife is out is none of our business. Please don't feel like you have to share it with the group.

[quote=BankFC]I think the CFA is more respectable than the CFP.[/quote]

You're well entitled to that opinion.  I don't necessarily agree with it and I don't think that very many folks in my target market have any idea what a CFA is.  At least some are aware of the CFP designation, although many more understand (and respect) what a CPA is, even though it is not as relevant to our chosen profession.

[quote=Dirk Diggler][quote=joedabrkr][quote=Dirk Diggler][quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

It's hard to compete from atop a high horse, ain't it?

[/quote]

JO?

[/quote]

Joe,

What you do in the privacy of your own home, infront of your computer, while your wife is out is none of our business. Please don't feel like you have to share it with the group.

[/quote]

Funny man!

I think you know to whom I was referring.....

The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It’s a designation, and that’s all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It’s only in 2006 that you have to now have a undergraduate degree and 3 years experience.

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

You're right.  People don't care about it, but I wouldn't call it a joke. 

o.k fine. But none cares about it, and up until 2006 one could have been a high school dropout w/ 3 yrs experience and sat for the CFP.  Based on that I have no respect for it. BTW I have an MBA. BTW a CFA is still below an MBA, CPA, and Lsat.

[quote=ezmoney]o.k fine. But none cares about it, and up until 2006 one could have been a high school dropout w/ 3 yrs experience and sat for the CFP.  Based on that I have no respect for it. BTW I have an MBA. BTW a CFA is still below an MBA, CPA, and Lsat.[/quote]

Yep.

Your an idiot.  I bet I can line up 100 MBA’s who could never pass
the CFA.  That program is so dam* difficult it cannot even be
considered with an MBA program.  I got an MBA from a state school
going at night while I successfully first built a business in my drunk
early 20’s (that was the only good thing bank did for me…pay for most
of grad school).  I went through both the CFA and CFP programs
over the last 15 years and can tell you, the MBA was by far the
easiest.  You don’t get asked about your designations because you
do not regularly meet with clients that are aware of their
existence…let alone their importance.  Handle the $150K
rollovers all day long, and leave the rest to professionals…MBA or
not.

[quote=ezmoney]o.k fine. But none cares about it, and up until 2006 one could have been a high school dropout w/ 3 yrs experience and sat for the CFP.  Based on that I have no respect for it. BTW I have an MBA. BTW a CFA is still below an MBA, CPA, and Lsat.[/quote]

The LSAT?  Are you talking the Law School Admission Test?

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

Here are them facts about what it takes to get the CFP designation. For one thing, CFP, you can't "sit" for it without the prerequisites unless you’re in a “challenge” situation. Note that having a Masters in Financial Services or Planning doesn’t qualify you for taking the exam on a challenge basis.

http://www.cfp.net/become/Steps.asp

You’ll notice the prerequisites classes are often run by colleges and universities. I wonder how it could be accurate to call a 2 day, 10 hour exam with a first time pass rate of around 50% when taken by people with the required experience and prerequisite training anything but challenging.

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

(sigh) Once again, someone throwing stones who has never taken the test.  I have people ask and I have people that care...not the majority, but many of the best prospects, that's for sure.  If no one asks you about it, you probably don't work with a very sophisticated client base, but I guess that's good if you want to make the "ezmoney".

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

Actually...the CFP marque is a LICENSE...not a designation or degree.  The three years experience has been required for over 15 years...only the college degree requirement in 2007 is a new requirement.

I have also observed that the only people who think the CFP is a "joke" are those who haven't taken the time...or expended the effort to EARN it...and/or in all probablity...completed any other professional educational program.

Jealousy is not an attractive personal trait.

BTW, I’m not going to knock the difficulty of you getting your MBA (although I am sorely tempted, given some of the pathetic losers I’ve met who have an MBA), but I don’t see much application for an MBA in this career.  At least the CFP is relevant to what we do for a living.

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

Do YOU have that 'real degree'?