Is Your Financial Advisor a PFS or CFP?

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Few people are aware that there is more than one professional designation for financial planners. The most common designation is that of a "CFP", or certified financial planner.

However, there is another less common designation, the "PFS", or Personal Financial Specialist. This designation is less common for a reason. Unlike the CFP, which is available even to those without a college degree, the PFS requires not only a college degree, but that the holder also be a CPA, or certified public account.

A CPA must have at least two years working under the professional tutelage of another CPA and must have passed the rigorous CPA exam.

Then, beyond the CPA, a PFS must have met a rigid standard of studies and professional experience related to providing financial services before the designation can be earned.

A financial planner with a CPA/PFS designation, as well as an RIA, or "Registered Investment Advisor", is the most qualified and unbiased financial advisor you can have.

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Frank Financial Advisors is an independent Registered Investment Advisory Firm (RIA) specializing in financial planning, retirement planning and investment portfolio management. We are a fee-only investment advisor.

We create comprehensive financial plans and retirement plans for our clients while also managing their investment portfolios as fee-only investment advisors. Additionally, our clients receive advice related to a wide range of important financial matters such as creating college savings plans, setup and rollover of retirement accounts, estate planning, tax planning, business ownership, most types of insurance, home refinance questions, and for special events such as weddings, funerals and elderly care.

We serve clients nationwide from our headquarters in Carlsbad, California, in North County San Diego. We serve the local communities of Oceanside, Escondido, Encinitas, Rancho Santa Fe, Vista and San Marcos.