Lorraine Ell clears the confusion.

Investors are confused by the myriad acronyms replete in the financial services industry as they appear after the names of any number of Vice Presidents and Directors. Many designations are merely certificates issued without rigorous tests or any assurances of a defined body of knowledge that should include financial accounting, investment analysis, and the law. Not surprisingly, in this complex and turbulent industry only two designations require a regimen of exams and a college degree, the Chartered Financial Analyst (CFA®) and the Certified Financial Planner (CFP®).