What is the financial management advisor?
Financial management advisor (FMA) is someone who has met the requirements set by the Canadian Institute for Securities (CSI) for this designation in the Canadian financial industry. The CSI ended the designation 1 December 2008 and replaced it with a new accreditation standard, Chartered Professional Strateg Wealth®. Although the designation advisor for financial management is no longer offered, CSI has allowed individuals who have already met the requirements for receiving the designation. Like any financial advisor, an accredited financial advisor for financial administration acts as a financial planner for companies and individuals and provides financial advice for a fee, commission or percentage of assets. In order to obtain the FMA designation, the financial expert must complete the course with at least 60 % of the score before Taking six tests to complete the certification process. The program was similar to the certified financial planner, which is available in the United States, Canada and several other countries. Courses could be completedIn a traditional class in class or through distance education programs. All exams were then elaborated by CSI to complete the certification as an advisor to financial management.
After the certification, a financial management advisor could provide clients with financial advice and planning. Financial planning may include data collection, financial plan planning, financial plan development and client progress. The financial planner that holds FMA design can consult with clients about real estate planning, retirement financial possibilities, asset management, education planning, tax capabilities and risk management.
In some cases, the advisor can also help the client clarifying the financial state for tax or legal purposes. The registered advisor also helps clients to plan short and long -term financial objectives in preparing the investment portfOlia, which suits the needs of families and societies. Advice of a personal financial expert often provides peace for individuals who face financial risks.
Other tasks of financial management advisors include clients on regulatory, ethical and legal issues related to finance. In some companies, financial advisors help with marketing and maintaining clients. Many people are looking for experts to ensure a stable financial platform for retirement. In addition, a private company could try to hire a financial advisor who helps employees of funny savings, real estate planning and retirement planning. Financial management advisors are also requested to explain the complexity of investment products and financial possibilities for individuals and private corporations.