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Differentiate between a Financial Adviser and a Personal Banker

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Differentiate between a Financial Adviser and a Personal Banker
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A financial advisor gives you stock IRA advice and such (they actually need a lot of credentials). A personal banker is a glorified teller/new account sales person.
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A personal banker will help with all aspects of banking - such as making a loan. A financial adviser will offer advice on your investments such as stocks, IRA's, etc.
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A Financial Advisor is required to be licensed as a CFP (Certified Financial Planner). They're required to take a test put out by the Banking Commission for their state. Personal Bankers?? Never heard the term, but after working in the banking arena for almost ten years, I can tell you that bankers in general aren't required to be licensed. The bank is licensed, but the tellers (and most of their employees) aren't. Ask your "Personal Banker" if he's licensed......
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