07 December 2007

You're a WHAT?!!

Stock Broker. Financial Advisor. Registered Investment Advisor. Vice President of Investments. Certified Financial Advisor. What?!

Give me a break!

Seriously, though. These are all titles you find throughout the investment industry. But, because that bunch of titles wasn't descriptive enough, new ones are cropping up:

  • Chartered Retirement Planning Counselor;
  • Certified Senior Advisor;
  • Chartered Advisor for Senior Living--huh?
According to Susan Merrill, FINRA's Employment Chief (legitimate title), they are going to evaluate these new designations. FINRA is the enforcement arm of the NYSE and the NASD.

Tomorrow, we'll find out why they're going to evaluate these new designations.

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