Acronyms, acronyms. Does your financial planner have a lot of initials after her name? Is she a CFP, a CLU, a ChFC or a CFA? What do these designations mean and do they matter?
As with all designations and certifications, they matter a bit, but only a bit. Some advisors with lots of designations will not have their clients' best interests at heart. Others with no designations are very knowledgeable and take great care of their clients. That said, these designations can be used as one of several data points in choosing your financial advisor.Read More