What is a Certified Financial Advisor?
A certified financial advisor is someone who has obtained a certification in their jurisdiction to be a financial advisor or financial planner.
The most common credential obtained by certified financial advisors is known as a CFP designation, which stands for “certified financial planner”.
This designation is bestowed by the Certified Financial Planner Board of Standards, and the certification ensures that your certified financial advisor meets minimum education and ethics thresholds set by the governing body.
Additional Definition and Overview of Certified Financial Advisors
Essentially, certified financial advisors help you understand how to best handle your money.
This can cover all aspects of your personal money management, but typically has the largest focus on investing.
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They will help you understand how much of your money should be invested, as well as how and where to invest it.
A certified financial advisor must also constantly undergo ongoing education to remain certified.
This ensures that, as laws and regulations get updated every few years, those with the designation stay current and on top of the industry, so that they provide the best possible advice to their clients.
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