Looking for professional investment advice can be confusing and frustrating. One of the biggest stumbling blocks is the array of titles used by financial-services professionals - such as "broker", "advisor", "financial planner", "coach" and so on. Traditionally, brokers sold stocks for a commission and advisors gave advice for a fee. These days, the lines between these positions has become increasingly blurred. There are brokers who provide excellentfinancial planning services and people calling themselves financial planners who do little more than sell stocks and bonds. But once you get beyond the titles, the real choice begins. Do you choose an advisor from a Wall Street firm or do you work with an independent advisor? Let's go over the differences and how they may affect your decision. (For further reading, see Shopping For a Financial Advisor and The Alphabet Soup of Financial Certifications.)
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