Main Subject - Business

As you search for expert help, you will come across a variety of job titles, including the title financial advisor, financial planner, financial consultant, or even account executive. As you look around

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

keep in mind that anyone can use generic titles such as these, regardless of his or her training or education.

Lest you think titles are everything, there is an "alphabet soup" of credentials—CFP, CPA,

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

CFS, and CSA, to name a few. Advisors who have credentials is usually a good thing because having a professional designation suggests a commitment to the field involving some combination of work experien

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ce, formal study and continuing education.

Professional credentials or job titles can not guarantee the quality of an advisor's services or ensure that your needs will be met. You will want to understan

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

their primary interest - if they prefer to sell you a financial product rather than provide impartial guidance, watch out.

The following explanations will help you thread your way through the best-know

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

n professional credentials and the types of advisors who may hold them (and some may hold more than one):

Certified Financial Planner (CFP)

This designation is awarded by the Certified Financial Planne

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

r Board of Standards to individuals who have had at least three years of work experience in the financial planning field, completed an approved course of study, and passed an exam.

Certified Funds Speci

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

alists (CFS)

This designation is for financial planners and investment advisors who focus on investments using mutual funds. The CFS designation indicates advisors who are qualified to consult with clie

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ts on the advisability and costs of acquiring or retaining mutual funds as part of their investment portfolio. They must complete six ten-hour educational modules provided by the Institute of Business an

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

d Finance on: Investment Companies; Fixed-Rate & Variable Annuities; Wealth Management & Performance Measurement; The Planning Cycle; Strategies; and Asset Allocation.

Certified Public Accountant (CPA)

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

Business accountants, some of who specialize in personal tax planning and preparation, hold this designation. To qualify, they must pass a two-day examination administered by the American Institute of C

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ertified Public Accountants (AICPA) and meet state licensing requirements relating to work experience and, in most states, special academic work.

Certified Senior Advisor (CSA)

The Society of Certified

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

Senior Advisors offers this designation. The Society is dedicated to providing initial and continuing education about key senior issues to professionals serving the senior market. This program provides p

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

articipants with the tools they will need to communicate more successfully with their senior clients.

Advisors serving seniors need a credible source of information and access to training from recognize

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

d experts in issues important to seniors. Certification is awarded upon successful class completion (21 instruction hours) followed by an exam.

Chartered Financial Analyst (CFA)

This designation is fro

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

m by the Association for Investment Management and Research to investment professionals who have worked in the investment industry for three years and have passed each of three yearly exams involving sec

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

rity analysis and professional money management.

Registered Investment Advisor (RIA)

This designation is neither an indication of expertise nor a license to buy or sell securities. It merely indicates

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

that an individual, or his or her employing firm, was required under federal securities laws to file (for a nominal fee) with the Securities and Exchange Commission or a state securities commission for a

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

license to dispense investment advice.

Registered Representative

Securities brokers who have passed mandatory basic exams given by the National Association of Securities Dealers, a regulatory body for

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

the securities industry, hold this designation. Securities brokers recommend investments for clients and execute client orders to buy and sell securities such as stocks, bonds, options, and mutual funds

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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