Quote:
Originally Posted by MoneyGuy
CFA, Slava? Really? There would be almost no advisors. Not sure if serious.
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Nah, just knew that would get you riled up! I think there is a lot that advisors offer that has less to do with picking investments and more to do with structures and planning, so the CFA doesn't completely apply. Plus, from a purely self-serving angle it would be great. I could be one of a small number in the city!
I do wish the qualifications were more stringent though. Really anyone handling something as critical as peoples financial well being and giving advice on how people should best plan should be heavily scrutinized and well qualified. Like the CFP should be an absolute minimum and people without that should have to use titles like "mutual fund salesperson" or "insurance salesperson". I know that is not likely well received by some in the industry, but I think it should be a hard line.