Investment People Advisors Financial Advice Helps Eslpod Money

Choosing the best type of investment can be very "complex" (difficult or confusing, with many factors), so many people "turn to" (seek guidance or advice from) "licensed" (with an official certificate recognizing a certain level of knowledge and experience) "investment advisors" (people whose job is to help others make good investment decisions).

In the United States, there are three main types of investment advisors or financial advisors. An "Investment Advisor Representative" helps people select investment tools. A "Registered Representative," also known as a "Stock Broker," helps people buy and sell stocks or shares. And an "Insurance Producer" helps people "obtain" (get) insurance policies.

All financial advisors must pass an exam and receive a certification or license before they can legally provide investment advice or sell investment tools or insurance in the United States.

Some investment advisors "go a step further" (do more than what is expected) by getting specialized certifications that require additional study. For example, some investment analysts list "CFA" or "CFP" after their name, which stands for Chartered Financial Analyst or Certified Financial Planner. These "professional designations" (titles given to people who have met certain requirements and demonstrated a certain level of knowledge and experience) are "issued" (given out) by U.S. professional organizations.

Some people who are not financial advisors call themselves "wealth managers," "financial consultants," or "financial planners," but they do not necessarily have any special license or certification. Their advice can still be valuable, but "buyers beware" (be aware that these people do not have as much education or experience as others, so their advice should be accepted only very carefully).