What is the difference between the CFP and the ChFC?
Answers:
The two are competing organization that tender similar types of services. Like any encounter of standards (e.g. Betamax vs. VHS, GSM vs. CDMA, ACT vs. SAT), here starts to develop a defeater. In this baggage, CFP is starting to emerge as the more respected and generalist approach to financial planning. ChFC is perceived as have a much more niche application explicitly geared toward insurance while the CFP is much more in proportion.