Although many professionals may call themselves “financial planners,” CFP® professionals have completed extensive training and experience requirements and are held to rigorous ethical standards. They understand all the complexities of the changing financial climate and will make recommendations in your best interest
Wealth comes from a number of different resources. You can create your future wealth strategy right now Retirement Income Certified Professional - RICP - is a professional designation for experienced financial professionals who are experts in retirement income planning. These professionals helps retirees and near-retirees develop a plan for managing and using the assets they have accumulated for retirement to live within a realistic budget and not run out of money prematurely
Why Should I Use a "Fee Only" Planner?
One of the major benefits of selecting a fee-only advisor is the freedom from the inherent conflict of interest that can arise when a significant portion of the advisor’s income comes from selling you financial products. The concern you should have as a potential client is whether or not the advisor is recommending a certain financial product because it enhances his/her bottom line and if the products recommended are truly in your best interest. In fact, in there are some registered reps and others who earn all or part of their compensation via commission that may be required to favor products offered by their employer – which may or may not be the best vehicles for your situation.Since fee-only advisors do not sell commission-based products, receive referral fees, or other forms of compensation, the potential for conflicts of interest is limited.