@anandwadadekar @meghnamukherjee @sumitbasu Can you help Aakar ?

Hi Akar,

Firstly thanks to you and Surabhi, because of you two, I got into the Research myself, or being a layman, I too would not be able to properly differentiate between the two.

Aakar, also as I see, your qualifications, I am sure, you yourself have an excellent idea[ about the major difference between the two fieldsBut never-the-less, since it has been directed to us, I shall lay down certain points which clearly brings out the major difference and can help you decide accordingly.

A certified financial planner, also called a personal financial advisor, works with individuals and businesses to guide them in making budgetary, savings and investment decisions.
They are mainly related to managing wealth only for Individual Investors.
They make use of Asset Allocation and Risk management.

Chartered Wealth Managers looks into a comprehensive aspects of Wealth Management like [Investment][Strategies]3]2, Inter generational Wealth Transfer, Relationship Management, Alternative Products, Real Estate Valuation and Global Taxation.

Another Difference is, that Financial planners help individual holders to manage their finances by reading the market or rather Analyzing the market through risk assessments, and once the wealth is created, managing the wealth as a comprehensive manner involving budgeting and investment is] the work of a wealth management.]6

Anyways though both the profiles are for Wealth Creation, But a wealth manager works at the comprehensive level, who makes the analysis, the laws, rather the rules and regulations on which the assets needs to be managed and at the same time decides on the mutual benefit for the customer and the organization and divides the percentage equally, but helping the company or rather the market as a whole to make wealth and with that the individual investor too.

Hope this helps you in someway.

Wish you good luck..........

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Hey Aakar,

As far as I am aware of the Financial Markets, and we being layman in this Financial world, mostly the CFP exists.

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But do not forget, the man behind CFP are the CWM.

Though please note these are recent qualifications that have arisen in the markets, to sustain in the industry and being able to categorize employees in various functions.

As you have rightly mentioned, CFP came into the market first, and was then followed by the CWM post.
Though being new it still exists and mind you it would take sometime to reach the masses.

So you would have to have the necessary patience and at the same time be persistent with the work, recognition would follow.

Who knows, you may be the trendsetter for this position.

Wish you all the very best..........

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Good to know you are in a job which requires your financial knowledge. My suggestion will be dont think about doing any course for few months and learn , enjoy and grow in job. Once you have exposure in job you will be better able to decide - if a financial course or journalism course + by then you will ready for CA final attempt ( you mentioned you have given it a break for a while)

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