Daniel DelRe
01/01/2006
When searching for a new wealth advisor, it is important to remember that the alphabet soup of professional designations that often follows an advisor’s name may or may not signify professional expertise.
Some credentials, such as JD (juris doctor) have very specific educational requirements, while others, such as the CPA (certified public accountant) or CFA (chartered financial analyst), have educational and professional requirements and are respected professional certificate programs. Still other designations may recognize that an advisor has completed an in-house training program at a bank (see “A Designation By Any Other Name”). And some are little more than marketing gimmicks that require little, if any, professional aptitude.
The accompanying chart describes the more common—and legitimate—credentials that can be found in the wealth advisory industry. (Click images to enlarge)
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