Claritas vs CFP

Updated on April 19, 2024
Article byWallstreetmojo Team
Edited byAshish Kumar Srivastav
Reviewed byDheeraj Vaidya, CFA, FRM

Difference Between Claritas and CFP

Getting the right job is always tricky, and sticking out is tougher. However, over the years, financial institutes and bodies have made this aspect a lot easier for professionals seeking the path-breaking job of their career, putting them on the right track.

So let us check out the CFP (Certified Financial Planner) course and the  Claritas Investment Certificate of various studies offered.


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What is Claritas?

The Claritas® is a certified program offered by the CFA Institute (formerly known as the Association for Investment Management and Research or AIMR), excellent for professionals keen to dominate in the financial and the investment sector. The program helps to gain a clear perspective on the working strategies of the global investment industry. In addition, it allows a professional to develop the essential qualities of ethics and professionalism in the finance and investment roles.

What is CFP?

The CFP or Certified Financial Planner is a certificate course for financial planners specializing in strategic financial planning or advisory roles in the financial services industry. The certificate is conferred by the Certified Financial Planner Board of Standards (CFP Board) in the United States and by the affiliated body FPBS in India. The CFP is an impression of excellence, recognized and respected worldwide by financial professionals. The course is designed to meet the stringent standards of education, examination, experience, and ethics to ensure that the certified triumph employees trust and explore many opportunities awaiting them after completing the course.

Claritas vs CFP Infographics

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Claritas vs CFP Infographics

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CLARITAS vs CFP – Comparative Table

Organizing BodyThe CFA Institute, USA, organizes the exams.The Certified Financial Planner Board of Standards Inc. (CFP Board), USA, manages the exams.
PatternThe course has only a final exam, an MCQ including 100 questions to be completed in 100 minutes. However, before taking the final exam, the candidates need to take two exams (Mock Exam A and Mock Exam B) after one month from the date of registration and score 70% or more in each of them.The course has only one level that has been divided into two 3-hour exams.
Duration of CourseThe candidates have to pass the exam within 180 days from registration.The candidates can complete the course in 36 months.
SyllabusThe course consists of 20 chapters, which are divided into seven modules: –
  • Industry Overview
  • Ethics & Regulation
  • Inputs & Tools
  • Investment Instruments
  • Industry Structure
  • Serving Client Needs
  • Industry Controls
The syllabus revolves around: –
  • General Principles of Financial Planning
  • Education Planning
  • Estate Planning
  • Investment Planning
  • Tax Planning
  • Retirement Savings & Income Planning
  • Professional Conduct & Regulation
  • Risk Management & Insurance Planning
Exam FeesIt is a fully-online certificate program available for free. The CFA Institute offers the course through its digital platform learning ecosystem.The exam fees vary in the range of $825 to $1,025 depending on the time of registration, such that $825, $925, and $1,025 corresponds to early, standard and late registration, respectively.
JobsSome common profiles include: –
  • Investment Analyst
  • Investment Consultant
  • Portfolio Manager
  • Wealth Manager
Some common profiles include: –
  • Estate Planner
  • Financial Manager
  • Retirement Planner
  • Risk Manager
DifficultyThe Claritas Investment Certificate’s pass rate was 82%. The CFA Institute expects the pass rate of the course to be on the higher side compared to its flagship program, CFA Charter. However, there is no recent information available about the pass rate of the candidates.The difficulty level of the exams is moderate, with a historical pass rate of more than 60%. During 2019, the overall pass rate was 62%, while that for the first-timers was even higher at 66%.
Exam DateThe exams are conducted online on all working days.The schedule for the upcoming exams during the year 2022
  • Mar 08 – Mar 15
  • Jul 12 – Jul 19
  • Nov 01 – Nov 08

Exam Requirements

Claritas: There is no education or experience requirement that a candidate needs to meet to opt for the Claritas® exam. However, command of the English language is essential to appear for the exam successfully.

CFP: The candidates must fulfill the 4E criteria to be certified as a CFP:

  • Education
  • Examination
  • Ethics
  • Experience

The minimum eligibility criterion for the CFP course is a graduate or bachelor’s degree or higher degree with a working knowledge of the financial planning practices prevalent in the industry.

Why Pursue Claritas?

The Claritas® program is ideal for those professionals who want to test the waters before jumping the gun to become investment professionals specializing in certain areas. This program is a foundation-level course and enables an understanding of the fundamentals of the investment industry. Thus for an individual dilly-dallying about his choice of course between CFA and Claritas®, it is advisable to opt for Claritas® as the foundation course, while to opt for an in-depth study on the investment services, CFA is advisable. The Claritas® course can be pursued by all the professionals in the investment industry that play a role in enabling the decision-making process in a firm.

The Claritas® program is an excellent route for those who desire to switch their career domain to finance. The program ensures entry-level positions in the financial industry for candidates with this certificate. In addition, professionals from the financial services industry, human resources, information technology, operations, sales and marketing, and legal and administrative services are accessible for this examination.

Why Pursue CFP?

CFP is the highest level of certification for a professional aiming to carve a niche in the financial industry and is appreciated worldwide by professionals and consumers. The Wall Street Journal has been awarded the Gold Standard award certificate, which speaks volumes of its credibility. In addition, the CFP candidates are remunerated with attractive salaries,  investments, insurance, tax, retirement, and real estate.


These credentials have designed a new curriculum with the updated practices and created certificate courses to ensure continuous development of the existing pool of financial professionals and attract freshers to the industry to acquire new perspectives and talent.

Shortly, these financial institutions have infused a new life into the sector and the professionals continuously strive towards betterment in their skills, knowledge, and salary. Therefore, aspirants can surely take advantage of the benefits they offer, but choose them wisely!

This article has been a guide to Claritas vs. CFP. Here, we compare the job options, fees, pass percentage, and focus areas for Claritas and CFP certification exams. You may also look at the following articles for more information: –

Reader Interactions


  1. Shashank Kumar says

    Hi sir ,
    I am working for Sbi right now as an assistant manager . I want to add one of these certificates to my C.V. . Which one do u think would suit me .

    • Dheeraj Vaidya says

      I think between the two, CFP should suit you more.

  2. radha sharma says

    I understand, Claritas is very easy and is a money spinner,Claritas program is still in its early days.Just thinking that it well have a good scope in India

    • Dheeraj says

      Hi Radha,

      It is early days for Claritas exam to make its mark in India. Especially useful for those who are connected to Finance Industry.


  3. Steve says

    Lovely Comparison between Claritas and CFP as this image provides with all the necessary information which are useful for this course.This article is highly useful for both who are thinking for doing this course as this post will help them to find out the difference between Claritas and CFP.

    • Dheeraj says

      Thanks Steve! :-)

  4. Felix Clouse says

    Hi Sir

    What is the scope of CFP in India?

    I am planing to pursue CFP, start my own practice. Need to know the scope of same in India.

    • Dheeraj says

      Hi Felix,

      If you are planning for a career in Portfolio Management, then CFP may prove useful.


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