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The Accredited Asset Management Specialist (AAMS) focuses on asset management, differing from CFPs who offer broader financial planning. Advisors should have relevant certifications, such as CFP, CIMA, CPWA, or RMA, depending on their specialty. Wealth management encompasses a holistic approach to finances, while asset management focuses on investments. ACE 23 by Michael Kitces offers advanced designations for financial advisors.

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