A financial planner is an individual who can provide a comprehensive system of money management recommendations. Recommendations include advice on taxes, estate planning, insurance, educational funding for your children, real estate, investment and securities. A financial planner can perform several different roles depending on his licenses and certifications. For instance, if a financial planner wants to sell stocks or insurance, he must go through all the proper legal channels to do so.
A financial planner will be registered with the state if he or she has less than $25 million in assets under management (AUM), and with the SEC if he or she has more than $30 million in AUM. The planner is required to present a client with the ADV Part II or equivalent before the client enters into a contract with the planner. A financial planner typically prepares financial plans for his or her clients. The kinds of services financial planners offer can vary widely.[1]
A financial planner looks at all of your money matters. This will likely include your bills, income, employee benefits, taxes, insurance, investments, and so on.[2] Financial planners are those who uses the financial planning process to help you figure out how to meet your life goals. The planner can take a "big picture" view of your financial situation and make financial planning recommendations that are right for you.[3]
[1] http://www.sec.gov/answers/finplan.htm[2] http://www.cancer.org/docroot/esn/content/
[3] http://www.pueblo.gsa.gov/cic_text/money/aboutfinan-planning/aboutfpbroc.html
A financial planner can help you decide exactly how much you'll need to have put away to meet your goals. A Financial Planner is someone who provides guidance to businesses and individuals on their investments. They assess the needs of the individual and offer guidance on a case-by-case basis.
A financial planner is someone who is equipped to 'advice' you on a range of investment avenues. He will have an informed view on the economy, interest rates and markets. A financial planner can help select life insurance that fits your needs and budget. Financial planners need to be familiar with investment strategies, tax laws and a wide range of issues. Again, it's great to read Money magazine.
A financial planner takes a more comprehensive view. He looks at your total financial picture, provides a written financial plan and then helps you to achieve financial goals on an ongoing basis. A financial planner needs to be comfortable working with people. They will be advising people on how to invest their money, and to be effective, the client must believe that they are knowledge and understanding of the client's needs. A financial planner needs to be familiar with investment strategies, tax laws and a wide range of issues. Again, it's great to read Money magazine.
A financial planner has the duty of a fiduciary toward a client. He shall disclose to the client, at the time advice is given, any gain he may receive, such as profit or commission, if the advice is followed. A financial planner is someone trained to design short-or long-term financial strategies for clients including plans for taxes, retirement, savings, tuition, estates, family budgets, and, often, investments. Financial planners may come from diverse backgrounds and include accountants, lawyers, insurance brokers, bankers and securities brokers.
A financial planner differs from an advisor. Financial planners simply develop a financial plan for you. Financial planners looks at all of your money matters. This will likely include your bills, income, employee benefits, taxes, insurance, investments, and so on. A financial planner, certainly an honest one, is well qualified to render that opinion. Perhaps this one is a raving crook as you seem to imply.
Planners come in all types. Some focus on investments; others work in planning insurance, budgeting, estate and related issues. Planning for your economic future requires careful consideration, education and an understanding of several broad areas of personal and business economics. Moreover, handling the personal finances of others professionally requires a a financial planner person with a high degree of integrity, morals, and experience.
Sponsors:
|
|
|
|
Home | Advertise with Us | Resources | About Us | Contact Us
Copyright © 2008 FinancesAT.com. Privacy Policy.
