What's What in the Financial Services Industry

Financial Planner

Definition: a professional who helps individuals and corporations meet their long-term financial objectives by analyzing the client's financial status and setting a program to achieve that client's goals. 

License: can achieve Certified Financial Planner (CFP®) designation; must be licensed as an investment adviser representative to give investment advice as well as sell securities; are often licensed as an insurance agent 

Regulated by: financial planners are regulated by the Certified Financial Planner Board of Standards

Standard of care: fiduciary duty



Explanation of License Exams:

  • Series 7 - General securities representative exam
  • Series 63 - Uniform state law exam
  • Series 65 - Investment adviser exam
  • Series 66 - Uniform combined state law exam
  • Series 24 - General securities principal

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