Some Financial Titles Do Not Guarantee Financial Expertise

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Some Financial Titles Do Not Guarantee Financial Expertise

Apr 28, 2013

Certified. It’s one of those words that can reassure you that things will be done right. But it’s also a word that can give you a false sense of security when it comes to finding someone who will manage your money.

Marilyn Capelli Dimitroff, [CFP®,] president of Capelli Financial Services in Bloomfield Hills, is a past chair of the board of directors for the national Certified Financial Planner Board of Standards.

The CFP Board recently published a booklet called “Financial Self-Defense for Seniors: Know the Red Flags and Avoid Financial Abuse.”

One of the red flags listed in that booklet starts out with the comment: “He said he was certified to help people just like me.”

Dimitroff said it’s difficult for many people to make smart financial decisions, and confusing designations can make it even more troublesome.

“The financial world is complex for everybody,” she said. “We have whole TV networks dedicated to it.”  Read more >

Detroit Free Press  
Susan Tompor
April 28, 2013

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