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Jul 17, 2006 3:39 pm

Yes, CFP is for advisors. CPA is for accountants. But, does anyone have both? It'd would probably make someone pretty attractive if they had both types of certification given the time and knowledge required to achieve them... Or is it kind of like the graduate with 2 PhDs...

Jul 17, 2006 3:40 pm

There are very few, and most I’ve run across are in the trust departments of banks, etc. as portfolio managers.

Jul 17, 2006 3:58 pm

I’ve got both…they both have advantages in this industry…the CPA is more mainstream as far as being recognized, but the CFP is more relevant to what we do for clients.  I was on track to get the CPA before I broke into this industry or I wouln’t have bothered as the test was much tougher than the CFP test, although from what I’ve read recently, it sounds like the CPA exam is a bit easier than it was 15 years ago when I finally whipped it on the 5th attempt (I wasn’t nearly as academically disciplined back in the day).  It’s an attractive combo, but for what almost all of us do, it’s really overkill.

Jul 17, 2006 4:55 pm

[quote=BrokerRecruit]There are very few, and most I've run across are in the trust departments of banks, etc. as portfolio managers.[/quote]

There is a firm called HD Vest in Dallas--a division of Wells Fargo.

They specialize in providing B/D services to accounting firms and have more than 5,000 representatives.  Who knows how many of them are CPAs but a lot of them are.

There is another firm called First Global that does the same thing and has (I think) more than 10,000 registered.