Does it matter whether the financial planner has any particular credentials?
Many financial planners have initials after their names, such as CFP (Certified Financial Planner), CLU (Certified Life Underwriter), or PFS (Personal Financial Specialist). There are about 300,000 people in the United States who call themselves financial planners. Of these, about 32,000 are CFPs and about 1,600 PFSs. The fact that a planner is certified indicates that he or she has enough interest and training in the field to take the required courses and pass the appropriate tests for certification. That’s important. But it’s no guarantee that the financial planner will do a good job for you, or that someone without the certification will not. Contact The Law Office of Osofsky & Osofsky, for any other questions you may have.
Related Questions
- How does the SORT TESTSM help the investor and Financial Planner to select investments that fit the investors risk tolerance?
- How does an investment Adviser, financial planner, CPA, or other Adviser work with Family Office Services?
- Does it matter whether the financial planner has any particular credentials?
