Be careful if someone approaches you touting their financial expertise based on some fancy initials after their name. Regulators report an uptick in financial advisers using dubious designations to court older, wealthier clients in an effort to sell high-fee investments that aren’t appropriate.

 

Is Your Adviser Pumping Up His Credentials?http://online.wsj.comIncreasingly, say regulators, financial advisers are using these dubious designations as marketing tools to win the trust of older, wealthier clients, in hopes of selling high-fee investments that aren’t appropriate for them.