Is there a state or federal law that requires investment advisers to have credentials?

While some states require that investment advisers pass a proficiency exam or meet certain requirements, there is no law that says they have to have credentials. You will often come across investment advisers that have credentials, such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA), but again these are not requirements.

Before you entrust your investment portfolio to a professional, make sure you are aware of his or her background and experience. You can view a list of things you should know about your investment adviser, by reading our article, What Do You Really Know About Your Investment Adviser?

Our law firm represents investors nationwide in securities arbitration and litigation. If you believe you have lost money due to investment fraud, contact an experienced securities fraud attorney at our office for a free case evaluation by calling toll-free (888) 390-6491 or filling out our online form.

Watch the video below to hear Attorney Courtney Werning explain more about these credentials.