Unlike some financial advisors, all CFPs are held to a strict standard of fiduciary duty, meaning they must put your financial best interests ahead of their own.
Furthermore, which is better CFP or ChFC?
The ChFC is less known than the CFP, but still stands as a distinguished certification in financial planning. An advisor with either designation can certainly give thorough advice. The biggest difference between the two is the process of becoming certified.
In this way, what is ChFC designation? What Is a Chartered Financial Consultant (ChFC)? A Chartered Financial Consultant is a professional designation representing the completion of a comprehensive course consisting of financial education, examinations, and practical experience.
Besides, how long does it take to complete ChFC designation?
The Chartered Financial Consultant Exam, or ChFC Exam, refers to a program consisting of seven college-level core courses and two electives. Each course takes approximately three weeks to complete, with the entire online course of study running from six to nine months in duration.