IFA v IFP????????

Spikey_2

Hi Guys,Can someone help me and explain what's the difference between:An Independant Financial Advisor (CETFA) &An Independant Financial Planner (CETFP).Thanks in advance.Please move if in wrong place .... thanks...Spikey

dunstonh

I havent heard of the term Independent Financial Planner. I dont recognise the initials either. They are not the usual ones you would expect for a UK IFA.

Some salesforces do not allow the term "adviser" to be used but choose titles like "planner" due to restrictions they may impose on their employees on giving advice.

Spikey_2

dunstonh wrote: »

I havent heard of the term Independent Financial Planner. I dont recognise the initials either. They are not the usual ones you would expect for a UK IFA.

Some salesforces do not allow the term "adviser" to be used but choose titles like "planner" due to restrictions they may impose on their employees on giving advice.

Thanks...The reason i asked was that whilst looking into IFA profession... I found IFA Qualification, Certificate in Finalcial Planning (CertFP), Certificate for Financial Advisers (CeFA)...........what's the difference?

Spikey_2

Btw .... what's a bridgeing loan?

tom188

a short term loan used if you have a gap between the completion date of the house you are buying and that which you are selling. (ie allows you to buy one house before you sell the other).

dunstonh

Thanks...The reason i asked was that whilst looking into IFA profession... I found IFA Qualification, Certificate in Finalcial Planning (CertFP), Certificate for Financial Advisers (CeFA)...........what's the difference?

I cant answer what these other things are like though as I have FPC which no longer exists for new entrants (it was replaced with the CFP). The qualifications are much the same though just with different names as they have to meet FSA requirements. The CII exams are the most commonly used ones though. No employer would be concerned which version you have.