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Is your financial advisor pumping up his/her credentials?

Those Fancy Initials After Your Financial Adviser's Name Might Not Be As Impressive as They Seem.
Excerpts from article by By JASON ZWEIG and MARY PILON, WSJ online
Just when Americans seem more desperate than ever for trustworthy investment advice, financial advisers are brandishing a baffling array of new credentials—some of which can be earned with minimal or no study and a few hundred dollars.

 
tasches

Asked by tasches at 6:55 PM on Oct. 15, 2010 in Money & Work

Level 48 (298,202 Credits)
This question is closed.
Answers (4)
  • It is best to use fee only financial advisors.

    If anyone wants to listen to some good financial advise you might want to listen to WTKK online Sunday mornings 9-12 EST . Google WTKK. Susan Kaplan is co host (it's best when she is on) and she is consistently ranked in the top 100 of US financial advisors. It's a great show.
    elizabr

    Answer by elizabr at 7:09 PM on Oct. 15, 2010

  • Interesting
    Erica_Smerica

    Answer by Erica_Smerica at 8:32 PM on Oct. 15, 2010

  • agree with erica^^^
    xtatianax

    Answer by xtatianax at 5:39 AM on Oct. 18, 2010

  • Increasingly, say regulators, financial advisers are using these dubious designations as marketing tools to win the trust of older, wealthier clients, in hopes of selling high-fee investments that aren't appropriate for them.

    Link to full article: http://online.wsj.com/article/SB10001424052748703927504575540582361440848.html?mod=WSJ_PersonalFinance_LeadSecond
    tasches

    Comment by tasches (original poster) at 6:55 PM on Oct. 15, 2010

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