What is the difference between CFA and CFP?

CFA and CFP are terms used in finance. CFA and CFP are the short forms of Certified Financial Analyst and Certified Financial Planner. CFA is a title bestowed on you by the Association for Investment Management and Research, and you get this after writing like three examinations which are mostly on accounting, money management, economics, and security analysis.

CFP, on the other hand, is the title bestowed on you by the International Board of Standards and Practices for Certified Financial Planners once you have passed the examination conducted by the body. The significant difference between CFA and CFP is that a certified financial planner gives financial advice to people individually and direct them on the right step to take, while a certified financial analyst gives financial advises to institutions, companies. Considering the nature of the task of both CFA and CFP, it is advisable that they strive to keep on updating their knowledge about financial matters