Financial adviser
A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice.
| Occupation | |
|---|---|
| Names | Registered representative, financial advisor, investment advisor representative, private banker, attorney, insurance producer, insurance agent, accountant |
Occupation type | Profession |
Activity sectors | Financial services, private banking, banking, business |
| Personal finance |
|---|
| Credit · Debt |
| Employment contract |
| Retirement |
| Personal budget and investment |
| See also |
In the United States, a financial adviser carries a Series 7 and Series 66 or Series 65 qualification examination. According to the U.S. Financial Industry Regulatory Authority (FINRA), qualification designations and compliance issues must be reported for public view. Details of formal compliance issues can be found on the Investment Adviser Public Disclosure (IAPD) website and details of non-formal issues can be found on Onesta. FINRA specifies the following groups who may use the term financial advisor: brokers, investment advisers, private bankers, accountants, lawyers, insurance agents and financial planners. Financial advisors need to be able to take the full picture of the client's financial situation into account.