Recently acquired my CFP. I’m just starting in the industry and relatively fresh out of college. More or less working as an associate for senior advisors with a focus on portfolio management & trading for them. I think I’d like to go the designation route to cover CE for the CFP and the APMA caught my attention as I see other younger advisors getting it. Is it worth the money/time? I’d like to dive deeper in portfolio management education. I understand CFA and/or CIMA would be the most valuable.

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Congrats!!

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CFA- absolutely, Yes! It has a lot of weight. Pretty much everywhere. The CFP, no offense but no one cares about it anymore. If you are young, it would show your superiors that you understand the matter. After years of experience, it matters not. People used to get the CFP because they didn’t have a Master-degree and the designation made them career-proof and helped them get established. Few professional accreditations have much weight these days as we are automating advice and trading. Betterment and Wealthfront offer free planning. Vanguard got into the business as well. Fidelity just stopped charging for planning. Our firm offers it to everyone for free with over $1mm in AUM. It’s great that you got it and understand the nature of wealth management. But I doubt it will make much of difference from a career-path perspective. I see more and more JDs and CPAs enter our realm of investment and life planning. The CPA will steal that client of yours every time without much effort due to the importance of tax planning and tax preparation.

Yes, if they don’t have a college degree.

Congratulations!

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