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Investing Specialists

Twin Terms That Can Trip Investors Up

These financial planning terms sound so similar--or are so similar conceptually--that they're ripe for misuse.

Thanks to Congress, a financial services marketplace that seems at times deliberately confusing, and a healthy dose of jargon, the financial planning arena is a land mine of bewildering terms and an alphabet soup of acronyms.

By my count, there are close to 20 different retirement savings vehicles one can use, while financial advisors can call themselves at least 20 different names. (Wealth advisor, wealth manager, financial advisor, financial planner, investment advisor … shall I go on?)