Just the idea of financial planning can strike fear in the hearts of average investors. So when confronted with the seemingly complex terminology that describes the myriad types of financial advisors—from fee-only vs. fee-based to hybrid advisor and dually registered, not to mention the alphabet soup of advisor certification acronyms, such as CFP and ChFC—it's no wonder many are inclined to simply throw their hands up in despair.
CNBC takes a crack at explaining five terms for financial planners you're likely to encounter.
By CNBC's Kenneth Kiesnoski
Posted 19 June 2015