With about 1.6 million people living within city limits (the fifth largest city in America) and about 6.2 million people living in the greater Philadelphia Metropolitan Area (the seventh largest metro area in America), there is no doubt that Philadelphia is one of the nation’s most important—and historic—cities.

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What is a CFP and what do they do? The term “CFP” stands for Certified Financial Planner. These are financial services professionals who have passed a rigorous series of seven courses on various aspects of personal financial planning and passed a challenging exam.

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First, let’s get the definitions out of the way: The SPDR S&P 500 Trust (SPY) and the Vanguard S&P 500 (VOO) are both exchange traded funds, or ETFs. An ETF is an index fund that issues shares that you can buy and sell over a stock exchange, just like shares of an individual stock.

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Are you looking for the best financial advisors in the Washington, DC, Maryland, and Virginia (DMV) area? We’ve curated a list of top advisory firms renowned for their expertise, integrity, and commitment to helping you achieve your financial goals.

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What are Stocks? Stocks represent ownership. A share of stock is simply a share of ownership in a company. When you own a share of stock, you own a share of all the company’s future profits and liabilities. It’s a small claim on a company’s future profits.

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Investing in real estate can be an extremely lucrative venture. However, in some cases, certain real estate investments are limited to accredited investors who typically need to have an income greater than $200,000 per year (or $300,000 per household) or a household net worth greater than $1 million.

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