Financial Advisor Research Papers

1. Describe two examples of important things that financial planning skills can help you do, and explain why

The author of this book, Dave Ramsey, is a man who has gone through many struggles in his life. Throughout his book he talks about the times when he went bankrupt and couldn’t provide for his family. Dave Ramsey sat down and wrote a plan on how to be smart with your money. Ramsey says, “The principles are not mine. I stole them all from God and your grandmother” (xi). He talks about how these are not new ideas and that these are not theories because they are proven to work every single time. The central concept of this book is to help people succeed in life with money but also their personal relationships. Ramsey wants to give people hope and happiness by playing a small role in their financial freedom.

The role of the wealth manager is not to simply sell a financial product to a prospect. Instead, a wealth manager’s first concern is developing a comprehensive understanding of the client, a client-centric approach to providing financial solutions. Next the wealth manager must match the right solutions to the client’s needs and desires and ensure he or she receives an exceptional service experience. After that, product and service sales opportunities will naturally follow. Making the transition is clearly a trade-off between short-term results and long-term success. Financial security through goals-based wealth management. As a wealth manager with Merrill Lynch,

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

Describe the role of others who may be involved in supporting individuals to manage their own finances.

VII. Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.

The wealth management or financial planning professions provide financial planning services and investment advice to clients for high net profit. The essential goal of any financial profession is to sustain and increase the long-term wealth of their clients. Since they manage huge amount of money for other people, they must also be ethical, trustworthy and free of any criminal record involving robbery, fraud or intentional mismanagement. Thus, they should understand complex financial documents, financial regulations and legal restrictions, not only good command of investments and financial planning.

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

IntroductionLinda Best, a Certified Financial Planner (CFP) from Sarnia, Canada is the founder and sole shareholder of Best Financial Services Inc. which was established on January 1, 2001. Sarnia, the largest city in South Ontario, bordered the United States and was heavily populated with aging baby boomers and blue-collar workers. Best Financial earned its revenues mainly from blue-collar workers nearing retirement. Best financial had formed strong relationships with many clients throughout Sarnia and managed over 1000 financial plans allowing a steady revenue and profit growth. The key services provided by Best Financial are risk management, tax preparation and professional money management. The company’s Assets under Management were

Financial advisors make sure their clients know that the sooner they start saving for retirement, the better. It is good advice.

To summarize that personal finance is important and some serious issues can occur if we don’t manage our money in more conservative ways. In contrary, if we have well prepared and managed our money effectively, we

The Article compares financial planners to wine. By doing this the writer is making the point that what it comes down to is preference. People like different wines for many different reasons. Some like specific wines for the taste, the smell, the bottle or the vineyard it comes from but some people don’t like the same wine for the same reason that others liked it what it all comes down to preference. There are expensive wines that taste lie garbage and there are young wines that are good. In the same way there are expensive Financial Advisors that garbage and there are very young Advisors that are good. The main point of all this wine talk is that price and time in the industry aren’t the tell of a good or bad Financial Advisor.

Ehrhardt, M.C. & Brigham, E.F. (2011). Financial Management: Theory and Practice, Ed 13. Ohio: South-Western Cengage Learning.

In today’s financial world, the banking sector is the pillar supporting the modern world’s commerce, trade, and industry. With a multitude of services provided on the personal, business, and institutional level, careers in a sector this broad are just as variable. In this essay I will discuss the history, workplace, job description, future developments, and my personal experience regarding the banking career. More specifically, it will focus on two occupations -- financial planners and accountants. A bank is broadly defined as a financial institution that provides a range of services to its customers. Banks play an integral role in the financial future of virtually every Canadian, including individuals, businesses, investors, governments,