Thank You for Voting Us #1 for Financial & Investment Advice In North County for 2016*

Frequently Asked Questions


Q: What should I know about my financial advisor to understand how they will handle my investments?

A: The following are key questions to ask before hiring your financial advisor:

  • How are you compensated?
  • Do you think we will ever have another bear (down) market?
  • Do you have any incentives to recommend certain products over others?
  • Are you only permitted to offer a limited selection of investments?
  • Do you have a fiduciary responsibility to keep my best interests at heart?
  • In managing my investments, what strategy will you implement to potentially preserve my assets in the event of a prolonged market correction or crash?

Q: What is a CFP?

A: The CFP marks represent a Certified Financial Planner designation. An individual who has earned these marks has met the education, examination, experience, and ethics standards established by the Certified Financial Planners Board of Standards (CFP Board). Therefore, a financial planner who has earned the CFP marks should be distinguished from a financial planner who has not. Consumers need to be aware that there is nothing preventing a person from declaring themselves a "Financial Planner," and it is, therefore, incumbent upon the consumer to differentiate between a planner who has earned the marks and one who hasn't.

If a financial planner has earned the right to use the CFP marks, this means that he or she has met the following requirements:

Education

There are three ways to meet the CFP certification education requirement:

  • Completing an Education Program At a College or University Whose Curriculum Is Registered With the CFP Board
  • Submitting a Transcript Of Previous Financial Planning-Related Course Work To the CFP Board for Review & Credit
  • Showing the Attainment Of Certain Professional Designations or Academic Degrees

Examination

Candidates for the CFP certification must pass a rigorous two-day, 10-hour CFP Certification Examination administered by the CFP Board that covers the financial planning process and includes such topics as tax planning, employee benefits and retirement planning, estate planning, investment management and insurance.

Experience

Candidates for CFP certification must prove they have experience in the financial planning process before being authorized to use the CFP marks.

Ethics

Candidates for CFP certification have their backgrounds checked by the CFP Board, and must also disclose any investigations or legal proceedings related to their professional or business conduct. The CFP Board reviews all such disclosures and investigates those statements that indicate areas of concern. Candidates must also adhere to the CFP Board's Code of Ethics and Professional Responsibility and Financial Planning Practice Standards.

Additionally, once certified, CFP certificants must fulfill a biennial continuing education requirement to stay up-to-date on planning strategies and financial trends affecting their clients.


Q: Aren't all advisors fee-only?

A: Most "so-called" advisors are in the business of selling products, often on commission, and the advice they offer is "incidental" to their main job of selling the product.

This is important because fee-only registered investment advisors owe you a much higher fiduciary standard of duty under the law, meaning they are required to minimize conflicts of interest and put your interests ahead of their own, which is not true for non-fiduciary advisors. The best way to be sure is to insist on a written statement that an investment advisor is a fee-only fiduciary. STEVE ROBBINS, CFP® is such as advisor, and you have that here in writing.


Q: What are the STEVE ROBBINS, CFP® licensing references?

A: Our references are as follows:

  • Financial Industry Regulatory Authority (FINRA)
    BrokerCheck
    (800) 289-9999
    Website
  • Certified Financial Planner
    Board of Standards, Inc.
    (800) 487-1497
    Website
  • Financial Planning Association
    (800) 322-4237
    Website
  • Missouri Securities Investor Protection
    Investor Education
    (573) 751-1862
    Website
  • Securities & Exchange Commission (SEC)
    (800) 732-0330
    Website
  • Better Business Bureau
    (314) 645-3300
    Website

NCI CFP Click for the BBB Business Review of this Financial Services in Florissant MO

Check the background of your financial professional on FINRA's BrokerCheck
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
Investment Advice offered through Steve Robbins, Inc., a Registered Investment Advisor. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators nor does it indicate that the advisor has attained a particular level of skill or ability. Steve Robbins, Inc. only transacts business in states where it is properly registered (currently Illinois, Missouri and Texas), or is excluded or exempted from registration requirements. Information on this website is directed toward U.S. residents only. 
Information on this website is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on websites linked hereto.
The content of this website should not be construed as legal, estate planning, or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. The firm is not engaged in the practice of law.
Articles in the Information section of the website were prepared by a third-party journalist who is not affiliated with Steve Robbins, CFP. Information on this website does not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented.
Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio.

*We were the recipient of the Best of North County Award for financial and investment advice in 2016. As voted by over 4000 residents and Community News readers in the following zip codes: 63031, 63033, 63042, 63135, 63136, 63138, 63032, 63034. The Community News ran this annual voting process for eight consecutive weeks in January and February 2016.