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Someone who will ask a lot of questions before giving a simple answer...like these:
is this a commission based or a fee-only planner?
What sort of financial instruments do they provide?
How good are they at their job?
How long have they been doing it?
Who are their typical clientele?
Where are they licensed/located and what types of licenses do they have?
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∙ 15y ago
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Family Financial Planner?
form_title=Hire a Family Financial Planner form_header=A family financial planner can help you organize your finances and plan for the future. What is your annual household income?=_ Are you married?= () Yes () No What types of property do you own?= [] Car [] Home [] RV [] Motorcylce How much debt do you have?=_
What is Certified Financial Planner Board of Standards's population?
The population of Certified Financial Planner Board of Standards is 51.
What would you call a financial planner and a funeral pre-planner?
Arrangers
How much do wedding panner get paid?
How much a wedding planner gets paid varies greatly on how popular she or he is and where the person works. A wedding planner can make from about 20,000 dollars per year to over a million dollars per year.
Can you tell me how to become a financial planner?
There's really no set path to becoming a financial planner, in terms of requirements. Anyone can take on the label, so it's pretty much an instant process when you get your first client.
How much does an wedding planner get paid in the UK each week?
16000-30000/year
Difference between a Financial Adviser and a Certified Financial Planner?
Anyone can call themselves a financial planner since there is no licensing requirement. However a Certified Financial Planner (CFP®) has to have completed extensive education requirements, passed a grueling exam, have a minimum three years experience and must abide by the code of ethics of the CFP Board.Additionally, a Financial Adviser is one who has extensive experience in financial planning, aside from being a certified financial planner.
What is needed to obtain financial planner certification?
If one wanted to become a financial planner, one must obtain the proper certification needed. One would need to obtain the Certified Financial Planner (CFP) designation.
What type of license is required to be a financial planner?
Currently, there is no special licensing requirement to become a financial planner. However, many financial planners earn a certified financial planning (CFP) or chartered financial consultant (ChFC) designation. To become a reputable financial planner in the US, you need to have a CFP Certification conferred by the Certified Financial Planner Board of Standards, Inc. (CFP Board), Financial Planners Standards Council in Canada, etc. depending on the country.
What guidelines need to follow in financial planning?
The Financial Planning ProcessThe financial planning process consists of the following six steps as described below. It is so much more important and relevant in light of the Proposed financial Advisory and Intermediary Services Bill 2000.Establishing and defining the client-planner relationship: The financial planner should clearly explain or document the services to be provider to the client and define both his and the client's responsibilities. The financial planner should explain fully how he will be paid and by whom. The financial planner and the client should agree on how long the professional relationship should last and on how decisions will be made.Gathering client data, including goals: The financial planner should ask for comprehensive information about the client's financial situation. The financial planner and the client should mutually define the personal and financial goals of the client, understand the client's time frame for results and discuss the client's risk profile and risk tolerance. The financial planner should gather all the necessary documents before providing the client with advice.Analysing and evaluating the client's financial status: The financial planner should analyse the client's information to assess the client's current situation and determine what the client must do to meet their goals. Depending on what services the client has asked for, this could include analysing the client's assests, liabilities and cash flow, current insurance coverage, investments or tax strategies.Developing and presenting financial planning recommendations and/or alternatives: The financial planner should offer financial planning recommendations that address the client's goals, based on the information provided by the client. The financial planner should go over the recommendations with the client to help the client understand them, so that the client can make informed decisions. The financial planner should also listen to the client's concerns and revise the recommendations as appropriate.Implementing the financial planning recommendations: The financial planner and the client should agree on how the recommendations will be carried out. The planner may carry out the recommendations or serve as a "coach" to the client, co-ordianting the whole process with the client and other professionals such as an insurance agent, investment adviser, attorneys or stockbrokers.Monitoring the financial planning recommendations: The financial planner and the client should agree on who will monitor the client's situation and adjust the recommendations, if needed, as circumstance require.
Why do you need a retirement financial planner?
Financial planners are a must for a stable future. One must obtain a trusted financial planner that will put them on the right track to a successful future.
How to Select the Best Financial Advisor ?
A good financial advisor will help you to invest and manage your money in an effort to meet your financial goals. It's wise to be careful when choosing a financial advisor because you will entrust them with your money. It's wise only to employ a financial planner who is a certified financial planner (CFP). These professionals go through a rigorous testing process in order to become certified. Additionally, you may want to consider hiring a financial advisor who is paid based on the work they do instead of being paid a commission on their investments as these planners may be less biased in their investment decisions.
