FREE Personal Financial Advisor Question and Answers
What activities are regulated and supervised by (FINRA) in the United States?
Explanation:
Financial Industry Regulatory Authority is referred to as FINRA. Securities companies conducting business with the general public in the United States and its territories are provided with regulatory services by FINRA. By ensuring that brokers treat their clients responsibly, it safeguards investors.
Professionals, that provide financial advice are also known as?
Explanation:
The phrase "financial advisor" is a nonspecific one without a clear definition in the industry, and it encompasses a wide range of financial experts. Members of this group include financial planners, investment managers, tax preparers, insurance agents, and stockbrokers.
Typically, a financial advisor is paid by fees and?
Explanation:
Pay for Financial Advisors Retail financial advisors typically receive payment in the form of fees, commissions, or a mix of both. A commission is paid each time a transaction takes place. In other words, a financial counselor gets paid when a client purchases anything.
Additionally, financial planners offer some information on?
Explanation:
A competent financial or investment advisor is a financial planner, often known as a personal or certified financial planner. They offer their clients qualified guidance on wealth management, retirement planning, insurance, investments, and taxes.
The term "financial adviser" refers to who?
Explanation:
Advisor and adviser are both acceptable spellings for a person who offers counsel. In the financial services business, adviser and advisor are not equivalent terms because the adviser is typically used to refer to legislative acts and their requirements and advisor to refer to a practitioner, according to one textbook.
A financial counselor in the US possesses a Series?
Explanation:
Financial advisors must undergo particular training and register with a regulating agency in several nations in order to provide advice. A financial adviser must pass the Series 7 and Series 66 or Series 65 qualifying exams in order to practice in the United States.
Typically, financial advisors offer their customers financial?
Explanation:
Depending on the certifications and training they possess, financial advisers often offer financial services and products.