🚀 go-pugleaf

Rob Barton <rhbarton@cris.com> wrote:

>CBrig wrote:
>> 
>> Now that I got your attention.  Would someone please give me some
>> information  on CFP, CLU, ChFC designations.  Which is best to have.
>>  Has any one heard or used the "The American College" to obtain one of
>> these certifications?  Will an employer like one of these over
>> another.  I will be changing careers and Im trying to make the right
>> choice between these.  Any suggestions?
>> 
>> CBrig@ix.netcom.com
>> 
>> Chris

>CLU is older and better known.  Many bank trust officers have this
>designation.  They may have the others as well, don't know.  CLU is a
>ten part course which makes it rather long and it is known to be
>rigorous.

>Rob

CLU (Certified [or Chartered, I forget] Life Underwriter) really has a
Life Insurance focus.  ChFC (Chartered Financial Consultant) is an
extension of the original CLU curriculum into general Financial
Planning.  Both are offered ONLY by the American College, which was
originally the American College of Insurance.  

CFP (Certified Financial Planner) was originally a correspondence
corse offered by the College for Financial Planning.  It is now
admininstered separately by the "CFP Board".  Courses for the CFP can
be taken in a number of different college or continuing ed programs OR
through the College for Financial Planning as a correspondence course.
The exam for certification is given by the CFP board a few times a
year, but only to people who have completed an approved course.  It is
being positioned as a "universal" credential for financial planners.
My impression is that (at least traditionally) CFP is more popular
among fee-based planners and those with an investment "bent", whereas
CLU and ChFC are more popular with those who started from the Life
Insurance side of the business. 
Jeff H.