Posts Tagged ‘financial advisors’

(Money Manager) - Wealth management – what exactly does that phrase mean? How does it differ from financial planning and investing? While it may sound like just another buzzword, wealth management actually is an approach used by financial advisors to manage the wealth of their top tier clients who have more money than the average investor. There is no hard and fast rule as to the amount of financial assets a person must have to be included in the wealth management category, but when a person accumulates over $1 million in assets, he and his financial advisor should consider shifting their focus from typical financial planning to the idea of wealth management.

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(Money Manager) - You have probably seen financial advisors list an alphabet soup of abbreviations after their names, such as "John Smith, CPA, CIA". Okay, CPA you may have heard of, but does the second abbreviation mean John is a former employee of the Central Intelligence Agency? Well, no. There is actually a financial designation known as the Certified Internal Auditor, or CIA, so don't think John will regale you with stories of his past experience as a spy. The abbreviations indicate that John has achieved a certain level of education and passed examinations in the areas of accounting and internal audit.

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(Money Manager) - This designation is offered by the Society of Certified Retirement Financial Advisors. The candidate must complete a four day training seminar and then pass a written examination. To maintain the designation, the candidate must complete continuing education each subsequent year.

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