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The PC answer is both have merit and its depends on the person. It might be better stated..."Which is harder to obtain?" Today's CFP generally takes the same college courses as one who has the ChFC, exept the ChFC will take two to three more college courses to obtain their designation. Each course requires an actual final exam to prove comprehension. Exampleof course from American College: CFP & ChFC Required Courses:

HS 300 Financial Planning: Process and Environment*

HS 311 Fundamentals of Insurance Planning

HS 321 Income Taxation

HS 326 Planning for Retirement Needs

HS 328 Investments

HS 330 Fundamentals of Estate Planning

ChFC Elective Courses:

HS 322 The Financial System in the Economy

HS 334 Estate Planning Applications

HS 352 Financial Decisions for Retirement The big distinction is the CFP must pass a rigourous two day ten hour test covering variuos financial planning topics (last count was 89 distinct areas of knowlegde) given by the CFP Board before being able to use the CFP designation. Passing rates for this test usually average 60% (historically it's lower the second time you attempt it). CFP certification requirement

http://www.cfp.net/learn/knowledgebase.asp?id=11 CFP Exam Topic List

http://www.cfp.net/downloads/Financial%20Planning%20Topics%202006.pdf Some CFP's such as CPA and lawyers need only pass the test without taking the additional college course work, but cannot get the ChFC without taking additional college course work. Also CFPs must have at least three years of planning/advising experience before using the CFP marks.

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Q: Which is better CFP or ChFC?
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Related questions

What is chfc?

The Chartered Financial Consultant (ChFC) designation requires candidates to demonstrate proficiency in the areas of financial planning, such as income tax, insurance, investment and estate planning. This ChFC designation is similar to a CFP designation. Candidates are also required to have a minimum of three years experience in a financial industry position. The ChFC program is administered exclusively by the American College in Bryn Mawr, Pennsylvania.


What type of license is required to be a financial planner?

Currently, there is no special licensing requirement to become a financial planner. However, many financial planners earn a certified financial planning (CFP) or chartered financial consultant (ChFC) designation. To become a reputable financial planner in the US, you need to have a CFP Certification conferred by the Certified Financial Planner Board of Standards, Inc. (CFP Board), Financial Planners Standards Council in Canada, etc. depending on the country.


Which of CFA or CFM or CFP is much better for the future and for finance majors?

All the three CFA,CFM and CFP are better for the future as far as the finance majors is concerned.


What do the letters ChFC represent?

ChFC® stands for Chartered Financial Consultant. It is a designation awarded by The American College.


What is the market cap for Chemical Financial Corporation CHFC?

As of July 2014, the market cap for Chemical Financial Corporation (CHFC) is $916,790,365.89.


When was Olympiacos CFP created?

Olympiacos CFP was created in 1925.


When was CFP franc created?

CFP franc was created in 1945.


Where can someone find CFP courses?

You can find CFP Courses on sites such as CFP-Software, Fitch Learning, CFP Net, CNN Money, Dalton Education, Lets make a Plan, Marketplace, and FSPC.


What does the acronym CFP stand for in connection with the CFP Board?

The Certified Financial Planner (CFP) Board is a non-profit organization. The purpose is to develop standards of certification with the Financial Planning community.


Where can one find CFP training?

A person can find CFP training at education centers that offer various training education programs. A person can use the CFP website to find these programs near him/her.


What are some of the CFP requirements?

Some of the CFP requirements are: one must have a bachelor's degree or higher qualification from an accredited college or university, and one must write and pass the CFP Certification Examination


Where can one find listings for CFP jobs in Canada?

You can find listings for CFP jobs in Canada online at websites such as WowJobs and Indeed. Other good websites to find CFP jobs in Canada are Canadavisa and Eluta.