Chartered Retirement Plans Specialist
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Why do so many people despise these designations so much? CRPS,
CRPC, CFP tm, CFA, all of these have continues to spur on so many nasty
posts. Fo those who see these as useless endeavors, why is that?
[quote=Cruiser] I am starting a new job as an advisor with USAA next week. I will start studying for the CRPS as well. Let me know how it is going. Good luck.[/quote]
If you are working for USAA you are not an advisor, you are an order taker with a license.
Good luck. I hear the food in the cafeteria is pretty good.
Joe,
Thanks, for the clarification. I had Advisor as a title at Morgan Stanley as well. However I was just a proprietary product pusher there, not an advisor. The wirehouses employ peolple to advise the public on products that improve the firms bottom line. So I guess the term advisor is subjective to what firm you work for.
[quote=Cruiser] However I was just a proprietary product pusher there, not an advisor. The wirehouses employ peolple to advise the public on products that improve the firms bottom line. So I guess the term advisor is subjective to what firm you work for.[/quote]
The usual lies spoken like a true wirehouse washout that sought refuge as an order taker on an 800 line...
[quote=rightway]Why do so many people despise these designations so much? CRPS, CRPC, CFP tm, CFA, all of these have continues to spur on so many nasty posts. Fo those who see these as useless endeavors, why is that? [/quote]
I'm guessing part of it is simple jealousy, part of it is frustration with the plethora of designations-lite that diminish ones with real value and the recognition that some of these titles aren't much more than money-makers for the sponsors behind them.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The truth is there is a no direct correlation on how succesful an advisor will be by the initials behind his name.
On the other hand, the CFA charter is by far the hardest to obtain and will show you have some intelligence. However, there is no reason to obtain this as a RR.
If you use any type of asset allocation and SMA's, the CIMA will help you out. You will learn something for going to Wharton for a week.
Nevertheless, initials do not equal assets and production. Depends on your priorities I suppose.