What it Means to be Credentialed

You’ve heard the pundits on TV signaling doomsday and seen the depressing headlines plastered across every newspaper and magazine.  The word is out that times are tough and no one is denying it.  What’s an investor to do?  You’ve heard us say it before and you will hear it again:  there is no crystal ball and no way to predict the severity or length of a recession or a bear market; all you can do is control your own actions.  Having a financial advisor can help you navigate these difficult times.  That is where we come in.

 

One of Parsec’s core values is that our financial advisors are credentialed.  Every one of our advisors has the training and expertise needed to give quality advice, and each one has at least one related professional designation to back this up.  You may often see the various designation initials and wonder exactly what those initials mean.  You can visit the “team” page on our web site to read more about individual advisors.  Below is a list of the credentials our advisors have.

 

Series 65 License

This license is held by all of our financial advisors, and is required by the SEC in order to give investment advice.  Investment advice is considered the central area of expertise of our advisors, though all advisors have additional areas of expertise.

 

CFP®

This denotes a certified financial planner and is held by the vast majority of our advisors.  The areas of knowledge for this designation include investments, insurance, tax planning, retirement planning and estate planning.  Certificants are considered generalists in these areas who can review your entire financial picture and highlight areas of concern specific to your needs, then direct you to the appropriate expert if necessary.

 

CFA

This refers to the Chartered Financial Analysts designation.  This designee specializes in investment analysis, portfolio management, ethics in the investment profession and financial market analysis.

 

CTFA

This represents an individual whose expertise focuses on fiduciary services related to trusts, estates and guardianships, as well as individual asset management.

 

CPA/PFS

This designation is specifically for CPAs who specialize in personal financial planning.

 

JD and CPA

We also have advisors who are accountants and attorneys.  This strengthens their knowledge base in various professional matters, but as financial advisors they do not practice law nor give professional tax advice.  They can however discuss considerations you may have in these areas and point you in the appropriate direction should you need more specific tax and legal advice.

 

Harli L. Palme, CFP®

Financial Advisor

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