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investment advisorsThere are several kinds of investment advisors, ranging from investment advisory divisions at investment banks to independent counsels giving advice to individuals. There is advice also in non-personal formats available, as newsletters and other forms of written communication. The advisors give their own view on the markets, based on their specific strategy and market techniques. Investment advisers are usually experts on specific market areas, such as bond or stock markets or their derivative markets. When working with companies, the advisories at bigger investment banks normally offer their services in co-operation with other parts of the company for a one-stop-shop investment service. To set them apart from other forms of advice, a Registered Investment Advisor (RIA) is an advisor, who is registered with the Securities and Exchange Commission (SEC), and who manages the investment of others. Advisors with different perspectives include Certified Financial Planners (CFP), Chartered Financial Analysts (CFA), Certified Fund Specialists (CFS), Chartered Financial Consultants (ChFC), Chartered Investment Counselors (CIC), Certified Investment Management Analysts (CIMA), Certified Public Accountants and Personal Financial Specialists (CPA and PFS), and finally, Chartered Life Underwriters (CLU). Using Financial AdvisorsAs can be seen from the many titles of different financial planners, there are advisers available for many different needs. To find the best advisor for your specific needs, it's best to research the different advisors and their areas of expertise. These resources include:
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