In Cardiff, most people who need help managing their finances will get it from a financial adviser. It is important to fully understand the financial planning landscape before you hire a financial adviser in Cardiff. Financial Industry Regulatory Authority, (FINRA) states that almost anyone can claim to have the title of a financial planner.
They could be investment advisers or brokers, agents or practicing accountants, or people with no financial credentials. Consumers must do their research before entrusting their money to any type of financial adviser in Cardiff. These terms have some differences.
This term refers to a professional who manages your money. The adviser is paid a fee and they assist with any money-related task. Financial advisers can help with investments, brokerage the purchase and sale of stocks and funds, and create a comprehensive estate and tax plans. Depending on the service provided, the adviser may need a FINRA Series 65 license if they are working with the public.
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A financial planner is a type of financial adviser that helps individuals and companies create a plan to achieve long-term financial goals.
A planner may specialize in taxes, investments, retirement planning, or estate planning. A financial planner in Cardiff might also hold several licenses and designations such as Certified Financial Planner, Chartered Financial Analyst, Chartered Financial Consultant, Certified Investment Management Analyst, (CIMA), among other things. Each of these licenses requires that the financial planner complete different education, work history, and examination requirements.