I bet you’re thinking of CPAs (not to be confused with CPAs or CPAs), who are the sort of folks that might manage money for the working class. CFAs are something different:
The top employers of CFA charter-holders globally include UBS, JPMorgan Chase, Royal Bank of Canada, Bank of America, and Morgan Stanley.
You shouldn’t let any CFA directly manage your assets. Go to your local credit union and get free advice from their CPAs; they often have a standard path to wealth-building for their members, even those without much in the savings account.
My father in law is a CPA, and even he refers people to certified financial advisers for investment advice. As I understand it, CPAs help you with taxes, and CFAs with fiduciary duties help you invest the money. There’s obviously a little crossover, but I think the lanes are pretty clearly drawn.
I’ve been wrong before though, so I’m open to being corrected if I misunderstand the separation of duties.
I bet you’re thinking of CPAs (not to be confused with CPAs or CPAs), who are the sort of folks that might manage money for the working class. CFAs are something different:
You shouldn’t let any CFA directly manage your assets. Go to your local credit union and get free advice from their CPAs; they often have a standard path to wealth-building for their members, even those without much in the savings account.
My father in law is a CPA, and even he refers people to certified financial advisers for investment advice. As I understand it, CPAs help you with taxes, and CFAs with fiduciary duties help you invest the money. There’s obviously a little crossover, but I think the lanes are pretty clearly drawn.
I’ve been wrong before though, so I’m open to being corrected if I misunderstand the separation of duties.
@corbin
He may not be directly managing his clients’ money, but he is probably advising them on how to invest. Badly.