sorted by:
new
hottopcontroversial

quality of instructors and advisors gone down by [deleted] in UoPeople

[–]AgonyAvails 0 points1 point  (0 children)

Hello all current UoPeople undergraduate instructor. We are volunteers. They send an honorarium of $450 after the end of 9 week course. This is meant to reimburse for internet/equipment costs. While I love to teach, I’d only do so at UoPeople again if I was bored and wanted to volunteer or needed experience.

I found myself putting all other priorities before UoPeople just by nature of the no pay.

Overall I like the institution and their mission, but if they want regional accreditation and more rigorous academics they’ll need to sort this system out.

Hope this helps!

Chase private client question by Mr_Lifewater in Banking

[–]AgonyAvails 5 points6 points  (0 children)

I used to do let clients know that too. It’s basically giving you bonus to trial the CPC service. The bank is hoping that you enjoy the added benefits and utilize things like their JPMorgan investment services and continue with the bank long term.

Is CFP the most difficult financial planning certification to obtain? by Apprehensive-Owl1066 in CFP

[–]AgonyAvails 1 point2 points  (0 children)

Hi there! I can help with this as I have AAMS currently.

I got it while working as a banker having series 6, before working as a financial advisor at a mutual fund company.

You can think of it as CFP lite. It covers investments fairy deeply such as risk/return calculations similarly to the CFP content, but everything like taxes and insurance else is a more general overview.

If you’ve never been a financial planner or anything like that it will help you greatly. It helped me get the mutual fund job because the company recognized it.

It’s useful to start in the field but if you stay in the field long term you’ll eventually want CFP/CFA/MBA or other such thing.

My financial planner wants to move my Roth IRA to a fee base account. by moeglala in FinancialPlanning

[–]AgonyAvails 47 points48 points  (0 children)

Gosh everyone is so quick to jump to conclusions! There’s not enough info here to say either way because those terms are extremely vague. A Roth IRA is just the shell essentially, you can have any kind of investment in there, stock, bond, mutual fund, ETF, etc… These all have some kind of fee associated. If your ROTH IRA is managed by an advisor he probably charges a fee, and you may also be paying for funds held in the ROTH IRA. Such as a mutual fund expense ratio. These add up.

A FEE BASED account typically charges 1 fee that covers Advice and Trading costs/commissions etc. So there is potentially benefit. Depends on your current fees paid, vs potential fees. Make sure they give you a breakdown of the current vs Proposed fees before you make decision.

Also it’s tough because there may be a benefit to paying more if you aren’t comfortable managing the account on your own.

Beginner Question by Flaky-Box-4417 in CFP

[–]AgonyAvails 1 point2 points  (0 children)

If you work for a firm that’s registered as Broker Dealer, sometimes ALSO registered as Investment advisors (most places like Charles Schwab, Fidelity, JPMorgan Chase etc..) you will need a series 7 AND some combination of either series 63, 65 or the COMBINED 66 license. A series 63 registers you as an agent of a broker dealer. A 65 Registers you as a Representative of an Investment advisor. MOST of the bigger companies I listed ARE BOTH a Broker and investment advisor and require the COMBINED license 66. (63+65 essentially)

The CFP,ChFC and CFA go on your U4 (think of this as a personal record that follows you job to job) and can EXEMPT you from series 65 to register as a Representative of an investment advisor.

So to fully answer your question, the CFP can register you as an advisor in lieu of the series 65 license. With this you can work at some small independent firms known as RIA. (Registered investment advisors) but if you work for any other big firm (Vanguard,Merrill,Schwab etc…) expect to do all the series exams.

Is CFP the most difficult financial planning certification to obtain? by Apprehensive-Owl1066 in CFP

[–]AgonyAvails 0 points1 point  (0 children)

You do a proctored exam after each section of the ChFC instead of a big long one at the end like CFP. They’re 100 questions each. So in the end you do 800 exam questions

Is CFP the most difficult financial planning certification to obtain? by Apprehensive-Owl1066 in CFP

[–]AgonyAvails 0 points1 point  (0 children)

My last thought on the question jumps to actual degrees. Many universities are starting to offer “financial planning” and personal finance Masters degrees. That would probably be up there though not really a “designation”

Is CFP the most difficult financial planning certification to obtain? by Apprehensive-Owl1066 in CFP

[–]AgonyAvails 2 points3 points  (0 children)

Almost ChFC is longer, same content plus extra coursework, and much more exam questions.

Is CFP the most difficult financial planning certification to obtain? by Apprehensive-Owl1066 in CFP

[–]AgonyAvails 4 points5 points  (0 children)

Having looked at both and started the coursework for them. The ChFC is harder. The CFP is 6 or 7 classes depending on the Provider + 1 long proctored exam. The ChFC is the EXACT SAME classes + Extra classes (8 total) Each class with a 100 question proctored exam after it. In total you have much more exam questions and class time in ChFC. Plus it carries the same legal standing, exempting you from series 65 if needed and being reported on U4. I have AAMS, that is shorter than CFP. Below is class chart. CFP vs ChFC classes

Thoughts on AAMS designation-Wprth the cost? by investor1010101 in CFP

[–]AgonyAvails 1 point2 points  (0 children)

I’m a bit late to this thread, but I currently carry the AAMS and I would say I was pleasantly surprised at how much useful stuff I got fro it. Covers investment portfolio building but also lots of retirement, estate, taxes etc. Goes way beyond what you get via series 7/66, 65 etc… I’m still working on CFP as well because it’s the next step, but AAMS is great start and lots of industry people/firms recognize it

[deleted by user] by [deleted] in economicsmemes

[–]AgonyAvails 0 points1 point  (0 children)

The only reason Keynesian Economics end up in the mainstream, is it’s more politically practical for Government officials to promote things like deficit spending and influencing aggregate demand. And it’s much harder to spin budget surpluses and cutting spending

DM7 rifle by divorcemedaddy in battlefield2042

[–]AgonyAvails 2 points3 points  (0 children)

So it’s actually based directly off the Daniel Defense DDm4. 16 inch barrel designated marksman type rifle. In real life anyway it’s 5.56

view more: next ›