Financial Professional Terms: What They Mean and Why You Should Care

Broker, registered investment adviser, financial planner, insurance agent, investment adviser and wealth managers: These are a few of the common terms used to describe various financial professionals. Many individual investors are confused by these terms, and do not have a clear understanding of what distinguishes one professional from another. This article will clarify these terms…

 

Study: Most Americans Feel They Have Insufficient Assets for Financial Advice

According to TIAA-CREFF’s fourth annual Advice Matters survey, 63% of Americans believe that don’t have enough money to seek investment advice. However, nearly three our of four respondents said they would like to receive financial advice in the future. The survey also found that 45% think they need at least $50,000 in savings to seek financial…