Alphabet Soup

Lauren Young

If you've ever looked at the business card of a financial adviser, it might be hard to deciper the alphabet soup of acronyms that follow their name. Some of the most common are CFP (certified financial planner) or CLU (certified life underwriter), but I'm told there are at least 100 financial designations out there. Wow!

When you are hiring a financial adviser, which designations really matter? Why?

Also, some new designations have been introduced in recent years, such as AIF (accredited investment fidiciary) and CSA (certfied senior adviser).

If you know of other new ones, let me know.

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