In the United States there are actually three different licenses that can be held by financial advisors. Working as an investment planner giving investment advice, or selling investment securities, or the sale of insurance products, are all regulated by the government and the people who do this must pass an examination, become affiliated with a licensed firm, and they must be registered in at least one state before they can begin to work for the public.
The licenses that are held are that of Investment Advisor Representative, and the Registered Representative, and the Insurance Producer. Financial advisors may have one of these licenses, or they may hold a combination of the licenses. The terms these professionals use to refer to themselves, reflects on the particular type of investing, and money management they engage in.
A Registered Representative is more commonly called a Stock Broker. Read full article…
Tags: Financial Advisors
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