cfa advice.
July 22nd, 2008
A certified financial advisor or cfa advisor must have a thorough knowledge of financial affairs, from personal finance to market behavior. Independent financial advisors are independent, as the name suggests. The other professional body that certifies these financial professionals is the CFP, or Certified Financial Planner Board of Standards. The premise behind employing an independent financial advisor is that he is not 'tied' to any financial services or products in the market. Financial advisers have to register with either the SEC or the state securities agency where they have their principal place of business, depending on their size. The service of financial advisors can be hired by paying a fee. Before you choose someone to be your investment adviser you should examine both parts of the ADV, which is also one form of certification. Regarding qualifications, make sure that the independent financial advisor you choose is a certified professional who has seen many market fluctuations. A certified financial advisor is a person who has a certification from a professional association or government registry. Financial Advisers will do a detailed study of their client's financial position, preferences and objectives before giving advice on any financial matter. It’s better that you check whether the professional is certified as a CFP professional, and whether there are incidences in his professional career that has lead his or her suspension of the certificate by the Board. So it is unlikely that he would force you to buy certain financial products in the market and risk your money. He should have professional qualifications and membership in professional associations. You can ask about his credentials. Independent financial advisors give solutions on matters like investment, insurance, retirement planning, mortgages and tax matters.
Entry Filed under: Finance :: Stocks, Bond & Forex