This is a broad term for a professional who helps manage your money. You pay the advisor, and in exchange, they help with any number of money-related tasks. A financial advisor might help manage investments, broker the sale and purchase of stocks and funds, or create a comprehensive estate and tax plan. If the advisor is working with the public, they must hold a Series 65 license. In addition to that license, there are many other financial advisor credentials the advisor might hold, depending upon the services that are provided.
Many financial advisors in Canada call themselves financial planners yet only hold licences to sell personal financial products (primarily investments and insurance), or use non-expiring qualifications with no monitoring or public accountability process (such as the Personal Financial Planner / PFP designation).[9] There are only two publicly monitored and fully regulated financial planning designations outside of Quebec – the CFP (Certified Financial Planner)[10] and the R.F.P. (Registered Financial Planner)[11] designations.
The pressure from this dual competition is why investment management firms must hire talented, intelligent professionals. Though some clients look at the performance of individual investment managers, others check out the overall performance of the firm. One key sign of an investment management company's ability is not just how much money their clients make in good times—but how little they lose in the bad.
The manager’s investment decisions are based on a variety of factors, starting with your savings goals (retirement, education, a large purchase) and time frame. You’ll also answer questions to help them assess your risk tolerance, or your ability to endure swings in investment returns and stock market fluctuations. Market conditions, historical performance, tax efficiency and investment fees also inform the manager’s investing strategy.
Another good bet could be a planner in the Garrett Planning Network, a group of certified financial planners who all pledge to make themselves available for smaller projects for an hourly fee. All of the members of this network are CFPs or they’re actively working towards this designation. It may be that you just have a handful of questions, and someone here could help you without charging too much.
At Insurance Planning and Design, we take a holistic approach to understand your unique individual and business assets and lifestyles. We understand our clients complex planning needs require a multi-disciplinary team that draws from financial advisors, attorneys, CPAs, trustees, and in many cases, property and casualty insurance professionals. We work closely with these specialists to understand objectives, weigh different solutions and implement the optimal plan for your unique situation. Let us take your worry away and help build a solid foundation to protect your family.
Anyone can hang out a shingle as a financial planner, but that doesn’t make that person an expert. They may tack on an alphabet soup of letters after their names, but CFP (short for certified financial planner) is the most significant credential. A CFP has passed a rigorous test administered by the Certified Financial Planner Board of Standards about the specifics of personal finance. CFPs must also commit to continuing education on financial matters and ethics classes to maintain their designation. The CFP credential is a good sign that a prospective planner will give sound financial advice. Still, even those who pass the exam may come up short on skills and credibility. As with all things pertaining to your money, be meticulous in choosing the right planner.

BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
In a typical case (let us say an equity fund), the calculation would be made (as far as the client is concerned) every quarter and would show a percentage change compared with the prior quarter (e.g., +4.6% total return in US dollars). This figure would be compared with other similar funds managed within the institution (for purposes of monitoring internal controls), with performance data for peer group funds, and with relevant indices (where available) or tailor-made performance benchmarks where appropriate. The specialist performance measurement firms calculate quartile and decile data and close attention would be paid to the (percentile) ranking of any fund.
The pressure from this dual competition is why investment management firms must hire talented, intelligent professionals. Though some clients look at the performance of individual investment managers, others check out the overall performance of the firm. One key sign of an investment management company's ability is not just how much money their clients make in good times—but how little they lose in the bad.
Process refers to the way in which the overall philosophy is implemented. For example: (i) Which universe of assets is explored before particular assets are chosen as suitable investments? (ii) How does the manager decide what to buy and when? (iii) How does the manager decide what to sell and when? (iv) Who takes the decisions and are they taken by committee? (v) What controls are in place to ensure that a rogue fund (one very different from others and from what is intended) cannot arise?

Our Global Client Business professionals partner with a diverse client base to identify opportunities that shape their portfolios and long-term investment goals. Institutional clients include corporate and public pension funds, foundations and endowments, insurers, financial institutions and governments. Retail clients include financial intermediaries including wire-houses, regional broker-dealers, banks, insurance companies and registered investment advisors. 
For more leads, check the National Association of Personal Financial Advisors (NAPFA). These planners are fee-only, which means their only revenue comes from their clients. They accept no commissions at all and pledge to act in their clients’ best interests at all times. In many respects, NAPFA standards meet or surpass the requirements needed for a CFP credential.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
Home & Auto InsuranceAuto InsuranceLiability CoverageComprehensive CoverageCollision CoverageUninsured & Underinsured Motorist CoverageDiminishing DeductibleAccident ForgivenessMinor Violation ForgivenessRoadside AssistanceSpecialty Auto Insurance24-Hour Customer ServiceTowingRental ReimbursementPersonal Injury Protection (PIP)Medical Payments CoverageHome InsuranceProperty InsuranceHomeowners LiabilityRenters InsuranceCondo InsuranceMobile Home InsuranceScheduled Property InsuranceLandlords InsuranceIn-Home Business InsuranceOther Personal InsuranceIdentity TheftPersonal Umbrella InsuranceData BackupLife InsuranceIndividual Life InsuranceGroup Life InsuranceLong-Term Care InsuranceMortgage Protection InsuranceDisability InsuranceSecond-To-Die PolicyKey Person (Key Men) InsuranceHealth InsuranceIndividual & Family Health InsuranceGroup Health InsuranceDental CoverageVision CoverageLong-Term Care InsuranceTemporary Health InsuranceSupplemental InsuranceDisability InsuranceMedical Expense InsuranceChild Health InsuranceTravel Health InsurancePrescription InsuranceHSAsRecreational Vehicle InsuranceBoat InsuranceMotorcycle InsuranceMotorhome InsuranceATV InsuranceSnowmobile InsuranceFinancial ServicesFinancial PlanningAnnuities401KRetirement PlansMutual FundsPension PlansProfit Sharing PlansTraditional & Roth IRAsAdditional Insurance ServicesSpecial Event InsuranceOther ServicesCoverage for Specific IndustriesAccounting Firm InsuranceAlarm Contractors InsuranceInsurance for ArboristsBar InsuranceBox Truck InsuranceBuilders Risk InsuranceCar Dealership InsuranceCatering InsuranceCleaning Business InsuranceConstruction InsuranceConsulting Firm InsuranceContractors InsuranceSpecialty Trade Contractors InsuranceCraft Brewery InsuranceEducational Facility InsuranceFinancial Institution InsuranceGarage InsuranceHandyman InsuranceHealthcare Facility InsuranceHealthcare Practice InsuranceHVAC Contractors InsuranceLaw Firm InsuranceLimousine Services InsuranceLiquor Liability InsuranceLivestock InsuranceMaintenance Contractors InsuranceManufacturing InsuranceMedia & Advertising InsuranceMedical Malpractice InsuranceNon Profit InsuranceNursing InsuranceOrthotics & Prosthetics InsurancePool & Spa InsurancePrinters & Publishers InsuranceRailroad Contractors InsuranceReal Estate Businesses InsuranceRestaurant InsuranceRetail InsuranceRideshare InsuranceScrap Metal InsuranceSelf-Storage InsuranceSeptic Contractors InsuranceSpecialized Truck Equipment InsuranceTechnology Services InsuranceTractor InsuranceTow Trucks InsuranceWater Well Drillers InsuranceVeterinary InsuranceCoverage for Your BusinessBondsBusiness Catastrophe InsuranceBusiness Owners Policy (BOP)Commercial Auto InsuranceCommercial General LiabilityCommercial Property InsuranceCommercial Umbrella InsuranceCrime InsuranceEquipment InsuranceErrors and Omissions InsuranceFidelity BondsLoss Control InsuranceInland Marine InsuranceMarine InsuranceMechanical Breakdown InsuranceOffice InsuranceProduct Liability InsuranceProfessional LiabilitySmall Business InsuranceSmall Business Liability InsuranceSurety BondsTechnology InsuranceTransportation InsuranceWorkers CompensationCoverage for Your EmployeesSmall Business Retirement PlansEmployer-Sponsored RetirementGroup BenefitsGroup Disability InsuranceVoluntary BenefitsRetiree Health CoverageGroup Health InsuranceDisability InsuranceIndividual Life InsuranceCrop Insurance - Hays KS & Great Bend KS - Insurance Planning, Inc.Farm InsuranceCrop InsuranceFarm Owners InsuranceFarm Livestock InsuranceEquine InsuranceFarm Equipment InsuranceFarm Dwelling InsuranceFarm Structures InsuranceFarm Auto InsuranceFarm Umbrella InsuranceFarm Liability Insurance
The job requires keeping current with developments in financial products, tax law, and strategies for personal financial management, particularly concerning retirement plans and estates. Success also requires sales ability, both in the acquisition of new clients and in the development of new ideas to improve the financial situation of existing clients.
You can expect any financial planner to be in fairly regular contact with you, though the form that contact takes will vary. Robo-advisors typically send regular emails and account prompts while online planning services and traditional planners will meet with you throughout the year. You should update your planner with any changes to your financial situation.
Investment managers typically have a bachelor’s degree and can benefit from earning a master’s degree or a particular financial certification, like the certified financial planner designation. Investment managers often need to register with either their state or the U.S. Securities and Exchange Commission, depending on their assets under management.

Investment management, portfolio management and asset management are all terms that refer to services that provide oversight of a client’s investments. Investment management isn’t just about managing the specific assets in a client’s portfolio, it includes ensuring the portfolio continues to align with the client’s goals, risk tolerance and financial priorities.
Look for a fiduciary. In short, this means the planner has pledged to act in a client’s best interests at all times. Investment professionals who aren’t fiduciaries are often held to a lesser standard, the so-called sustainability standard. That means that anything they sell you merely has to be suitable for you, not necessarily ideal or in your best interest. This point is critical, and should be a deal breaker if a prospective planner is not a fiduciary.
In a typical case (let us say an equity fund), the calculation would be made (as far as the client is concerned) every quarter and would show a percentage change compared with the prior quarter (e.g., +4.6% total return in US dollars). This figure would be compared with other similar funds managed within the institution (for purposes of monitoring internal controls), with performance data for peer group funds, and with relevant indices (where available) or tailor-made performance benchmarks where appropriate. The specialist performance measurement firms calculate quartile and decile data and close attention would be paid to the (percentile) ranking of any fund.

Though the investment management industry may provide lucrative returns, there are also key problems that come with running such a firm. The revenues of investment management firms are directly linked to the market's behavior. This direct connection means that the company's profits depend on market valuations. A major decline in asset prices can cause a decline in the firm's revenue, especially if the price reduction is great compared to the ongoing and steady company costs of operation. Also, clients may be impatient during hard times and bear markets, and even above-average fund performance may not be able to sustain a client's portfolio.
Increasingly, international business schools are incorporating the subject into their course outlines and some have formulated the title of 'Investment Management' or 'Asset Management' conferred as specialist bachelor's degrees (e.g. Cass Business School, London). For those with aspirations to become an investment manager, further education may be needed beyond a bachelors in business, finance, or economics. Designations, such as the Chartered Investment Manager (CIM) in Canada, are required for practitioners in the investment management industry. A graduate degree or an investment qualification such as the Chartered Financial Analyst designation (CFA) may help in having a career in investment management.[6] There is evidence that any particular qualification enhances the most desirable characteristic of an investment manager, that is the ability to select investments that result in an above average (risk weighted) long-term performance.[citation needed]

In Singapore, financial services are highly regulated by The Monetary Authority of Singapore (MAS), the regulator and supervisor of financial institutions in Singapore. Rules are set by MAS for financial institutions and are implemented through legislation, regulations, directions and notices.[15] Currently, the majority of the financial planners (financial consultants) are commission-based, which may cause a conflict of interest related to the products recommended. In 2015, a balanced scorecard framework was implemented to better align the interests of the FA industry and consumers. This ensures FA representatives and supervisors meet key performance indicators that are not related to sales, such as providing suitable product recommendations and making proper disclosure of material information to customers (Non-Sales KPI). Failure to achieve good grades for the Non-Sales KPI will directly affect their commission (variable income).
×

For Security Reasons Please Verify That You Are Not A Robot