CFP vs. CPA vs. CFA: The Only One Most People Need

Which financial pro do you need: a CFP, CPA or CFA? Plus, an economist explains why "good" economic data doesn't always feel that way.

Hosts Sean Pyles, CFP®, and Elizabeth Ayoola sit down live, in-studio, with a listener named Belle, who's in the process of launching her own veterinary practice. They help figure out which financial professional she actually needs — a CFP, a CPA or a CFA. They break down what each credential means, how to vet and select the right advisor, and the real cost of choosing the wrong one. Then Belle asks for help with a second money question: whether to consolidate ten scattered retirement and brokerage accounts, and the Nerds walk through how account fees, old 401(k)s and employer rules factor into that decision.

Then, Sean and Elizabeth are joined by NerdWallet senior economist Elizabeth Renter and senior news writer Anna Helhoski for a special send-off conversation. After 12 years at NerdWallet, Renter is moving on, and she looks back on what she's learned about how Americans really handle their money. They dig into the gap between headline economic data and lived financial experience, the K-shaped economy, and what NerdWallet's latest Consumer Financial Resilience Index says about household finances heading into fall.

Here is the investing fee calculator Sean referenced: https://www.nerdwallet.com/investing/calculators/mutual-fund-calculator 

Check out the full findings from NerdWallet's Consumer Financial Resilience Index: https://www.nerdwallet.com/finance/studies/financial-resilience-index

Subscribe to our podcast’s free email newsletter for bonus content and more from our hosts at https://smartmoney-nerdwallet.beehiiv.com/ 

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*The show notes were created with the assistance of AI. They have been reviewed by our editorial team for accuracy and quality.

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