Question

What is the difference between a registered investment adviser and a CFP?


Select the best answer from the choices provided.
Registered investment advisers are only certified about investing in securities, but CFPs offer advice about many other areas.
Both offer advice on all aspects of finance, but only CFPs have a fiduciary responsibility to their clients.
Registered investment advisers earn commissions and fees from security trades, but CFPs are paid an annual fee.
Both offer advice, but only CFPs can trade securities on behalf of their clients.

Answer 1

@JoannaBlackwelder

Answer 2

@jim_thompson5910

Answer 3

I think we found out before that investment advisers have a fiduciary responsibility to their clients so I don't think it is b.

Answer 4

i have d

Answer 5

im check

Answer 6

CFPs must also have work experience, training in finances, and a clean record of legal and ethical service. CFPs advise clients on investments, debt management, taxes, retirement savings, education savings, and estate planning. In addition to CFPs, there are several other types of certified advisers. All advisers registered with the SEC have a fiduciary responsibility to their clients.

Answer 7

. Advisers seeking to give advice on all financial aspects of their clients' lives can take exams to become Certified Financial Planners (CFPs).

Answer 8

I don't think that CFP's can trade securities.

Answer 9

it could be A

Answer 10

Registered investment advisers are only certified about investing in securities, but CFPs offer advice about many other areas.

Answer 11

Yeah, that could be it.