Financial Advisor and Planner
Financial Advisor Financial consultant is a job title that now has been replaced by financial advisor at most financial services firms. Financial advisor (FA) and financial consultant (FC) are contemporary job titles for what used to be called a stockbroker, broker, account executive or registered representative. A variant spelling, financial adviser , also is used by some firms in the industry, and by some financial reporters and publications. Though the term financial advisor has been in general use since the early 1990s, it is not without controversy. Many critics still maintain that it implies adherence to the strict fiduciary standard that requires acting in the best interests of clients, rather than the less stringent suitability standard that traditionally binds brokers. Merrill Lynch , for example, was among the last of the major firms to adopt the term, entirely due to this concern on the part of its legal and compliance department , which was very conservative at th