Financial Adviser
Definition of 'Financial Adviser'A professional who helps individuals manage their finances by providing advice on money issues such as investments, insurance, mortgages, college savings, estate planning, taxes and retirement, depending on what the client requests. Some financial advisors are paid a flat fee for their advice, while others earn commissions from the investments they sell to their clients. Fee-only arrangements are widely regarded to be better for the client. |
|
Investopedia explains 'Financial Adviser'Aside from asking friends and family for referrals, professional organizations like the Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA) can help you find an advisor. When choosing a financial advisor, it's important to ask if they have any FINRA licenses or official credentials. Certified Financial Planner® (CFP®), chartered financial analyst (CFA), chartered financial consultant (ChFC), and registered investment advisor (RIA) are good indicators of an advisor's qualifications. |
Related Definitions
Articles Of Interest
-
What To Expect On The CFA Level III Exam
The Level III exam is one of the tougher exams for the CFA. Read this to give yourself a little insight. -
Earnings Guidance: Can It Accurately Predict The Future?
Explore the controversies surrounding companies commenting on their forward-looking expectations. -
Mergers And Acquisitions: Understanding Takeovers
In the dramatic world of M&As, battleground terms meld with bizarre metaphors to form the language of the game. -
Financial Designations That Employers Require
We break down the designations that are important to have if you want to work in the financial sector. -
Career Benefits From The CFA Institute
The CFA Institute provides members with a variety of ongoing career and networking benefits. -
What To Expect On The CFA Level II Exam
This article will help you understand the nuances of the CFA Level II exam. -
Designations For The Buy Side
For those interested in picking securities and financial planning, these certifications could be just what your buy-side financial career needs. -
Should You Get A CFA, MBA Or Both?
These certifications require time and money, but combined programs are making obtaining both designations more realistic. -
What To Expect On The CFA Level I Exam
The Level I exam for the Chartered Financial Analyst designation can be challenging. Here's what to expect. -
A Look At CFA Job Opportunities
Being a CFA charterholder can take your career in many different directions. Find out what your option are.
Free Annual Reports