Wealth iQ Becomes an Accredited Financial Adviser of NASFP
Wealth iQ has received the status of an accredited financial adviser from the National Association of Financial Planning Specialists, NASFP. NASFP is a professional self-regulatory organization that brings together financial consultants to help ensure quality and ethical standards in Russia’s financial services market.
To understand the context of this news correctly, it is important to distinguish between two concepts.
The activity of investment advisers is strictly regulated by the Bank of Russia. Wealth iQ is included in the Bank of Russia’s register and is a member of NAUFOR — this is what enables us to provide clients with direct investment recommendations.
The concept of a financial adviser is much broader. This field is not yet subject to strict government regulation, so NASFP was created through self-organization to develop unified professional standards.
What accredited adviser status gives us and our clients
Expertise
Access to a network of practicing financial advisers across the country, participation in closed working groups, and access to specialized professional materials.
Privileges
The opportunity to invite our clients to public industry conferences organized by the association on more favorable terms.
Influence
The opportunity to contribute to the development of standards for financial advisers.
Wealth iQ has received the status of an accredited financial adviser from the National Association of Financial Planning Specialists, NASFP. NASFP is a professional self-regulatory organization that brings together financial consultants to help ensure quality and ethical standards in Russia’s financial services market.
To understand the context of this news correctly, it is important to distinguish between two concepts.
The activity of investment advisers is strictly regulated by the Bank of Russia. Wealth iQ is included in the Bank of Russia’s register and is a member of NAUFOR — this is what enables us to provide clients with direct investment recommendations.
The concept of a financial adviser is much broader. This field is not yet subject to strict government regulation, so NASFP was created through self-organization to develop unified professional standards.
What accredited adviser status gives us and our clients
Expertise
Access to a network of practicing financial advisers across the country, participation in closed working groups, and access to specialized professional materials.
Privileges
The opportunity to invite our clients to public industry conferences organized by the association on more favorable terms.
Influence
The opportunity to contribute to the development of standards for financial advisers.