Grandpa Rants About Financial Alphabet Soup

Описание: Core Financial Designations 👇

These are the foundation of a strong advisory team. If your advisor has one of these, you’re starting in the right place.

CFP® — Certified Financial Planner™
The gold standard for comprehensive financial planning, covering retirement, investments, taxes, estate planning, and insurance.

CFA® — Chartered Financial Analyst®
The gold standard for investment management, portfolio construction, portfolio risk analysis, and security analysis.

ChFC® — Chartered Financial Consultant®
An advanced planning designation focused on complex retirement, tax, and estate strategies.

Specialty Designations 👇

These indicate additional expertise in specific areas of planning.

RICP® — Retirement Income Certified Professional®
Focused on turning retirement savings into sustainable retirement income.

CRPC® — Chartered Retirement Planning Counselor®
Specializes in retirement distribution, Social Security, Medicare, and retirement transitions.

CPA — Certified Public Accountant
Specializes in tax planning and tax strategy, especially valuable for retirement income planning.

EA — Enrolled Agent
A federally licensed tax specialist authorized to represent taxpayers before the IRS.

AIF® — Accredited Investment Fiduciary®
Focused on fiduciary responsibility and prudent investment oversight.

CLU® — Chartered Life Underwriter®
Advanced expertise in life insurance and estate planning strategies.

CAP® — Chartered Advisor in Philanthropy®
Specializes in charitable giving, legacy planning, and donor-advised fund strategies.

CASL® — Chartered Advisor for Senior Living®
Focused on longevity, healthcare planning, and senior living decisions.

CDFA® — Certified Divorce Financial Analyst®
Specializes in financial planning during and after divorce, including asset division, tax planning, and retirement impact.

Important Licensing Terms (Not Designations) 👇

IAR — Investment Adviser Representative
This is a regulatory license, not a professional designation. It means the advisor is registered to give investment advice under an RIA firm and is held to a fiduciary standard.

RIA — Registered Investment Adviser
This is the advisory firm itself, registered with the SEC or a state regulator. RIAs are fiduciaries and are legally required to act in their clients’ best interests.

Disclaimer: This is not a comprehensive list of all financial designations. Many advisors hold additional credentials and licenses depending on their area of expertise.

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This video is for educational and entertainment purposes only. No statements in this video made shall constitute tax, financial, legal or accounting advice. You should consult your own professionals on any such matters. Investment Advisory Services are offered through Richard W. Paul & Associates, LLC, an SEC registered investment advisor. Insurance Services offered through Midwest Financial Consultants, Inc.