Financial planning is a daunting and technically challenging task. Its execution is more difficult without the help of a professional. And that is one of the main reasons why you should find individual consultants and advisory agencies alike to help guide you for proper compliance with regulatory agencies. It doesn’t matter if you are an individual or own and run a business organization, the following certified professionals rank highly among the best investment advisors in the country, representing your case.
Certified Financial Planner (CFP)
For a broad range of investment services, you can consult with a Certified Financial Planner. These professionals have a general understanding of all investment and financial portfolios. CFPs help in holistic planning and execution of the financial plan to generate the maximum rate of return by diversifying your investment. Generally, CFPs are qualified to provide sound investment advice for taxation, insurance, estate, and retirement planning. Note that CFPs must take several exams and stay up to date, especially in their areas of specialization to provide certain niche planning and advisory services. Armed with all the technical expertise and the latest know-how about financial services, CFPs rank at the number one position among best investment advisors.
Certified Public Accountant (CPA)
CPAs are experts in taxes and accounting. They provide a niche range of advisory services for individuals and organizations alike for filing and reporting compliance. In today’s day and age of business, clients demand financial transparency at all times. A qualified CPA can audit the books of accounts of their clients, file statements with regulating authorities, including the Securities and Exchange Commission (SEC) or the Internal Revenue Service (IRS), and manage tax returns. Since they are qualified to provide exclusive financial advice, especially for disclosures, CPAs are your top pick when it comes to choose the best investment advisors for compliance services. Often, large corporations and organizations employ general accountants in-house to handle all the calculations and further employ the services of CPAs for further due diligence. They check for transparency, compliance and handle the filing, submission, and requirements set forth by regulating authorities.
Registered Investment Advisor (RIA)
Any person who has previously registered with a regulatory body (for example, a division of the SEC) and today provides consultancy and advisory services is considered as an RIA representative. Note that the sole purpose of an RIA is to provide investment consultancy and not facilitate the tasks necessary to invest. They offer sound guidance on how individuals or organizations can go about their finances and merely direct them to people who provide the niche services to make it happen.
Agents
Apart from the best investment advisors you can hire for consultation, insurance agents, and bankers also offer their expertise in niche advisory services. Note that these agents are licensed by a regulating authority to sell and assist in the purchase of investments. These include bonds, shares, different types of insurance, and annuities for long term financial planning. Agents and brokers offer consultancy services, in particular, but not comprehensive financial planning.
