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Hear this out loud PauseThese advisors ultimately offer guidance on different financial topics, but one thing they have in common is money management. Whereas financial planners focus on retirement planning, estate planning and more, investment advisors are focused on helping you invest.
Hear this out loud PauseThe investor relations team oversees functions such as coordinating shareholder meetings and press conferences, releasing financial data, leading financial analyst briefings, publishing SEC filings, and handling the public relations of a company-specific financial crisis.
Registered representatives are governed by suitability standards while registered investment advisors are governed by fiduciary standards.
A fiduciary has a legal and ethical duty to act in the best interests of someone else. Financial advisors help clients manage various aspects of their financial lives. Not all advisors are fiduciaries, and those who aren't are held to lower standards of care.
Hear this out loud PauseQualifications and Experience for Investor Relations IR roles usually require a bachelor's degree in finance, accounting, communications, economics, or related fields. A master's degree (such as an MBA) is not necessary but is usually considered an asset. There are relatively few entry-level positions in IR.
Registered investment advisors are legally fiduciaries, but broker-dealers and other types of money managers are not. Some financial advisors, such as certified financial planners, may also be fiduciaries.
Hear this out loud PauseIARs research and compare investments for their clients. As fiduciaries, they make recommendations with the clients' interests in mind.
An investment adviser representative generally is a person who, for compensation (1) makes any recommendations or otherwise renders advice regarding securities; (2) manages accounts or portfolios of clients; (3) determines which recommendation or advice regarding securities should be given; (4) solicits, offers, or ...