The origin of CFP can be traced back to 1969, when some experts from different financial institutions gathered in a hotel in Chicago to discuss the disadvantages of the financial services industry at that time and began to actively explore new ways. They tried to change the product-oriented service model in insurance, securities, funds and banking business into a brand-new service model centered on customer needs and introduce a brand-new professional system.
Subsequently, the first financial management professional association-International Financial Management Association (IAFP) was established. The emergence of this group eventually led to the emergence of the financial planner industry, which is the predecessor of the CFP standard Committee in the United States.
CFP qualification certification system began the internationalization process around 1990. Australia, Japan, Canada and other countries have signed CFP with the CFP Standards Committee of the United States. International licensing agreement for trademarks. At present, CFP series qualification certification has been recognized in 26 countries (regions) around the world. The number of CFP holders in a country or region often represents the development level of the financial management industry in that country or region to some extent.
Now, CFP holders are all over the major financial institutions, and CFP certificates are listed as the three largest financial certificates in the world along with CFA (Chartered Financial Analyst) and FRM (Financial Risk Manager). It is worth mentioning that both CFA and FRM qualification examinations are in English, and the certification period is long, while CFP examination is in Chinese, and the questions are multiple-choice questions, which are relatively less difficult, so the CFP certificate with the highest cost performance is welcomed by many financial practitioners.
CFP series certification is called "EMBA" in the field of financial management. Among all the financial certification certificates, CFP is undoubtedly the most authoritative and popular personal financial management level certificate. With its strong professionalism and wide popularity in the industry, CFP has been praised as the highest glory of the international financial industry by The Wall Street Journal.
CFP is an international financial planner and AFP is a financial planner in China.
The difference between 1, AFP and CFP certificates;
AFP is the abbreviation of Associate Financial Planner, which means financial planner. As a new personal finance profession, its main responsibility is to provide all-round professional financial advice to individual customers, and to design reasonable tax planning by constantly adjusting the investment portfolio of various financial products to meet their long-term life goals and financial goals. As a "financial planner", you 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. In the financial education industry, besides AFP, there are CFP and RFP.
CFP (International Financial Planner) is an international financial planner, registered financial planner or registered financial planner. Financial planner is a professional who follows the six steps of financial standard process and helps customers achieve their life goals. The gold content of CFP can be comparable to that of RFP.
2. China Financial Planners Standards Committee decided to become a full member of most international CFP organizations, and implemented a two-level financial planner certification system in China, namely, Assistant Financial Planner (AFP) and International Financial Planner (CFP). Before becoming a full member of the international CFP organization, China Financial Management Standards Committee only certified AFP. After becoming a full member of the international CFP organization, in addition to AFP, it also carried out CFP qualification certification.
Orientation of AFP qualification and CFP qualification;
According to international experience, the qualifications of AFP and CFP should be obviously different, because:
1) The domestic demand and urgency for AFP with basic financial management skills far exceeds the international integration of AFP;
2) There are obvious differences between AFP and CFP, which can ensure the difference between AFP and CFP;
3) When the international organizations approved the implementation of the two-level certification system in China, they clearly pointed out that there should be a certain gap between the number of AFP and CFP holders;
4) In countries with multi-level certification system, the ratio of AFP to CFP holders is about 10: 1.