Talk:Financial adviser

Life insurance

I removed this addition to the article as whoever wrote it completely missed the point:

• Life Insurance can be set outside the Estate in an individual life insurance trust (ILIT). Often times, a large life insurance policy is placed into a trust outside the estate to avoid the estate tax in order to pay the estate tax on other assets. However, an ILIT funded with a life insurance policy is not a strategy for all large estates.

Simon West 21:47, 13 December 2005 (UTC)

Missing Information

Someone should put in the salary range for this profession. It seems like pertinent information to anyone who is researching this.

The salary range is variable, depending on how the company handles compensation. Roughly 75% of the jobs out there are either 100% comission or have a "draw" that has to be paid back after the first year. This makes it very difficult for many to get into the industry and make money quickly. One can expect startup expenses for office space, licensing, advertising, and other expenses.Rapier1 (talk) 05:55, 24 July 2009 (UTC)

The vast majority of financial advisors do not have salaries. They work strictly on commissions. Furthermore, these commissions differ from advisor to advisor based on a variety of factors. If pressed to give an example of earning ranges, I would have to say anywhere from $30,000-$10,000,000. Rufustheporkshank (talk) 22:23, 15 November 2010 (UTC)

Companies Section

What is the point of the companies section, given that there are thousands of financial advisors ? Why have these companies been selected ? Unless there are good reasons, it looks like advertising to me. -- John 13:23, 8 November 2007 (UTC)

Was this written by a financial adviser by any chance?

In particular: "it is imperative to have a financial professional take a look at your financial position to see if your financial goals can be achieved" "The financial adviser will typically have great knowledge in the areas of budgeting, forecasting, taxation, asset allocation and financial tools and products..." I have amended these, but the general point is that Wikipedia is not a pitch. Would anyone be able to add any details of, say, what financial advisers might usually charge for their services, any research about whether commissions affect their recommendations etc etc (as well as the salary range mentioned above)? It would certainly be very interesting. Art Markham (talk) 10:54, 31 October 2008 (UTC)

Merge financial advice

Financial advice should be merged with Financial adviser, probably in the financial adviser article. Zodon (talk) 07:47, 15 November 2008 (UTC)

• I agree and would also like us to consider including Investment advisor in the merge and have tagged it accordingly. All three articles are of low quality. None are well referenced. None covers much more than the UK and USA. Each has some content of merit and it is sad that people have worked on them separately when they could have achieved much more working together. A single article of good quality can cover all aspects of this subject. It can be extended with content on other countries. Perhaps the other Wikipedias already have some content we can translate and use? I see a merge as a necessary prerequisite to getting this stuff up to scratch. We have no hope of fixing all three articles separately. --DanielRigal (talk) 17:24, 24 October 2009 (UTC)

• I disagree, as the phrase "investment adviser" has a specific legal meaning in the United States under the Investment Advisers Act of 1940 and not all persons who hold themselves out as "financial advisers/advisors" are legally investment advisers. An investment adviser, in the legal sense, is often a company, while the individuals who represent it are "investment adviser representatives." Alternatively, the current content dealing with individuals who are in the business of advising others on investments and financial planning for compensation could be consolidated under the financial adviser article, while investment adviser remained open for a smaller article with a limited definition relating to the US legal usage (and legal usage in other countries, as applicable). --

Sflorman (talk) 18:41, 30 December 2009 (UTC)

I merged Financial advice, Investment advisor, and Fee-Only financial advisor Becritical (talk) 03:01, 4 January 2010 (UTC)

What about the magazine "Financial Advisor"?

We need a new article, one on the magazine of this name. Financial Advisor_(magazine)

This is a monthly magazine, with a circulation of 90,000.

Editorial Mission

Reaching more than 90,000 qualified readers each month, Financial Advisor delivers essential market information and strategies that advisors need to succeed in their increasingly complex environment. FA focuses on sophisticated planning and investment strategies to help advisors better serve their affluent clients, as well as practice management ideas to help advisors build their firms. FA goes in-depth to challenge traditional planning wisdom by introducing readers to new approaches to help them better counsel clients. To achieve these goals, FA continuously seeks to bring together the best team of editors and contributing writers to provide the most compelling publication for the top decision-makers in the financial advisory field.

I don't work for them, but we have many articles on companies that are in this category. Many of our articles on investment will need citations to back up points, and the citations, whenever possible, should link to a Wikipedia article. For instance, when we cite Time magazine for any reason, the article editor can link this citation to the Time_(magazine) article. The same should be true here. RK (talk) 13:27, 22 July 2009 (UTC)

Why does investment adviser redirect here?

The multi-trillion dollar investment adviser industry would appear to merit a proper article. This appears oriented to the individual who provides wealth management, as opposed to investment advisers like, say, SAC Capital. HedgeFundBob (talk) 15:10, 25 January 2010 (UTC)

I fixed this and added clarification and create a page for Investment Advisor or Investment Adviser. Greg Skidmore 13:20, 8 September 2010 (UTC)

I don't think its fixed. Lawblogger18 (talk) 08:51, 20 February 2011 (UTC)

Advisor/Adviser

These are descrived repsectively as US and UK spellings. They are not. Both are acceptable alterntatives either side of the Atlantic (UK Chambers 2000, US spelling Websters 1998). Dainamo (talk) 15:22, 24 October 2010 (UTC)