What do all those letters mean?
/Megan Rosenstiel, is interviewed by Steve Dinnen, DSM Wealth
Below is an excerpt from the article, originally published on July 2nd 2020. Read the full article from DSM Wealth (Here).
Meet Megan Rosenstiel, CFP and partner at West Des Moines-based financial advisory firm Gilbert & Cook. The CFP stands for certified financial planner, which is common in her field. But there’s more, as she also is a CDFA, an AWMA, an ADPA and a LTCP.
What’s going on with this run on the alphabet?
All these initials might seem confusing, or even meaningless, to an outsider. But if you want your adviser to be as skilled as is possible, look at each of these abbreviations as shorthand for a particular postgraduate expertise that they have acquired to serve you better. Each abbreviation stands for a subset of skills that has added on to the CFP designation that, as Rosenstiel says, "is the cornerstone" to competent financial planning.
Rosenstiel joined Gilbert & Cook nearly 15 years ago, and decided after earning the CFP, as well as securities sales licensing (series 7, 66, etc.), that other topics demanded her attention as well.
"How can I educate myself better?" she asked herself, responding with an ADPA—accredited domestic partnership adviser. That was before same-sex marriages were made legal, so she found herself at the forefront of working with domestic partners on topics such as apportioning out retirement plans.
Over time, Rosenstiel also chased down specialization as a Certified Divorce Financial Analyst (CDFA), a long-term care professional (LTCP) and as an accredited wealth management adviser (AWMA).
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Read the full article from DSM Wealth (Here).
