Qualified Professional Asset Manager - QPAM

You prefer a Ouija board or a magic 8-ball. However, many people like to get retirement advice from professionals. And "professional" here doesn’t mean your hairdresser or your bartender. We're talking a person actually trained to give financial advice, one vetted to have the proper knowledge to guide your retirement investments. Or at least a company that employs those kinds of people.

In short, we're talking about qualified professional asset managers.

A QPAM is officially registered as an investment advisor. The details on how to earn the designation are set out by the Employee Retirement Income Security. Typically, the QPAM is called on by entities like pension funds. Meanwhile, the designation can go to companies: organizations like banks or investment funds.