Why is it a good idea to have a financial advisor?
Financial Advisors Financial advisor should have series 65 or 66 and series 7 examination for their qualification in United States. For designation and compliance of qualification they must report the issues for the public view according to FINRA that is Financial Industry Regulatory Authority in United States. According to FINRA the groups who can use the term of financial advisors are lawyers, private bankers, investment advisors, brokers, accountants and financial planners.Financial advisors are the professionals who give services to the people depending upon their financial condition. Financial advisors undergo special training before giving their services around the globe and they must be registered to offer professional services with a regulatory body. Financial advisors are recognized with many names as investment advisor, private banker, attorney, insurance provider, insurance agent and accountant. Role of Financial Advisors: Role of financial advisor is to provide financial services and products and these services depend upon their examination qualification and skills. They are not licensed, they are only registered. This can be explained with the help of example that a licensed insurance agent holding the series 7 qualification examination is able to sell life insurance and other annuities to both and a broker holding series 7 qualification examination can also be a financial planner. If an advisor does not have the CFP (certified financial planner) designation but he can say that he is a financial...Read More