Financial Advisors: Deciphering the Titles

Financial Advisors: Deciphering the Titles

Image via CMInstitute

Sorting Through Different Titles for Financial Professionals

Who can you trust? The leading school of thought is that the safest advice comes from an advisor who is a fiduciary—someone legally required to place your interests first. Only registered investment advisors are held to this standard, and that typically includes financial planners who charge a fee. Brokers and advisors who work for commissions must generally assure only that an investment is suitable (“Can you trust your financial adviser?” Money, CNN).  Read more

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Financial Advisors: Who Can You Trust?

Financial Advisors: Who Can You Trust?

photo credit: trustacrossamerica.com

A recent Investor Trust Study showed that only 52 percent of investors trust the financial services industry. Who can blame them? With all the scandals and media attention on those who manipulate the financial system and the financial setbacks experienced by many investors, a loss of trust seems like a natural response. Complicating matters is that new financial titles for advisors seem to be cropping up regularly. How can you be sure your financial advisor is the right person to be giving you advice? How is a CFP different from a CMFC? Exactly what is a ChFC? Read more

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