What makes more money a CFP or CFA?

I've heard of some CFPs running million dollar a year practices where CFAs usually have to work for a fund right? Anyways I'm at the point in my schooling where I need to decide if I want to take courses for my CFP or ones that would better prepare me for a CFA. I want to choose the one that makes the most money and I know the CFA is harder..
Answer:    CFA is probably much harder. But it also gives you a very valuable credential. CFP is more useful for a good salesman, where a CFA can get you an analysts job. I would definitely vote for the CFA, but if you're a skilled salesman, and you want to go that route, its possible that you could be successful as a CFP.
I'd go with CFA. CFP takes commissions in general but CFA holder can go into proprietary trading which pays multi-millions a year. Also they can start their own fund once they are recognized as respected financiers. But honestly, if you are thinking about how much money they make, it isn't about which charter to hold. It's about how much you can make for yourself/your firm. One can have both titles, but if one does not add value (read:have the real skill to make money) all the titles means nothing - it's not like anyone is obligated to pay this or that much just because of a title.
Get in touch with Ameriprise Financial and speak to one of their Recruting Managers to get the difference between a CFP and CFA in terms of earnings potential?

A Financial Planner role with your own agency or firm would allow you to be an entreprenuer and develop your own client business.

A CFA (Analyst) works for somebody a company.


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Financial Certifications

Chartered vs. Certified

There are many different ways for a financial planner to gain credence in the eyes of the public and if you’ve
looked into hiring someone to either actively look after your investments or advise you on your choices, you should
be aware of the real meaning behind the letters.

First off, don’t let the terms “chartered” or “certified” get you worked up. Neither one really has the market cornered
as far as education or expertise. They are merely labels different bodies have given to their graduates. Is there a
difference? Only in semantics. All of the designations below have stringent testing and boards or colleges that back
the standards.

A CertifiedPublic Accountant (CPA) may be great to have on your team, but they may not know a whole lot about
the market. Their specialty is accounting and tax preparation, not judging stocks. I love my accountant, but she
does not advice me on my portfolio. Some accountants add Personal Financial Specialist (PFS) to their qualification
and they have taken financial training in addition to their accounting.

A Certified
Financial
Planner
(CFP) has a broad range of education having studied stocks, bonds and estate
planning, among other topics. They seem to be everywhere, employed by
franchised investing firms as well as having their own businesses in some
cases. Because their education is wide ranging they often are used to cover all
bases for individuals. They often help individuals define their goals and
plans.

A Certified Fund Specialist (CFS) is an expert in mutual funds, fund families and a wide variety of fund
related topics. Generally speaking they might be employed by a firm to assist more as a specialist, rather than
for an individual as an advisor.

A Chartered Financial Consultant (ChFC) is one of the designations appearing more and more often. This is
similar to a CFP, but another qualification is three years of experience working as a professional in a financial
capacity.

A Chartered Financial Analyst (CFA) has to have three years experience in the financial arena and pass a series of
financial exams. They specialize in portfolio management and analyzing worth of securities. According to the CFA
Institute they are “globally recognized standard for measuring the competence and integrity of investment
professionals.”

A Chartered Investment Counselor (CIC) is a high level CFA. They would be considered the heavy hitters of the
analysts world. Also certified by the CFA Institute

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