The CFP (certified financial planner) is a particularly prestigious designation. One of the oldest in the profession, it requires years of experience, successful completion of standardized exams in several areas, a demonstration of ethics, and a college degree—as well as ongoing education in the field.<\/p>
If a planner wants to delve more deeply into investments and advise clients about them, they might also obtain a CIMA (certified investment management analyst).
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The certified investment analyst designation seems to. According to an Investments & Wealth Institute-commissioned survey, the financial advisors who are members of CIMA practices (defined as having at least one practice member with a CIMA certification) report earning a higher annual income compared to financial advisors who are members of practices with no CIMA certification. Some 12% of advisors at CIMA practices earn more than US$380,000, compared to 3% of advisors at practices with no CIMA designation.<\/span> Financial certifications are usually awarded by a designated industry group, association, or degree-granting institution. Their requirements often include the taking of certain courses and the passing of exams, a certain number of years' experience or apprenticeship in the profession, a college degree, membership in the association, and a commitment to ongoing education in the field.<\/p>"
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A CPA also seems to offer a good return on investment<\/a>. While the median salary of an accountant is $78,000 per year, according to the Bureau of Labor Statistics, senior CPAs with over 20 years of experience command an average annual salary of $150,000.<\/span><\/span>
<\/p>"
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