2.0 Part 1: Building a sustainable wealth management or financial planning profession 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.
Today I will creating a memo that guides my client Casey Blount. As her financial advisor I will get her through this rough patch of her life. Ms.Blount s a native of Knoxville, Tennessee, graduated last June from North Carolina State University with a major in Communications and a minor in business. Soon she will begin her first job as a junior account executive at an advertising firm called Profound Advertising, in downtown Raleigh on January 2, 2017. Even though she minored in business, she needs my help in advising her financial life. In my memo to her I will need to guide her through student loans; housing; transportation; credit card usage and credit score; retirement plans; and basic budgeting issues. Ms.Blount is working with a tight
I will be attending Mississippi State University and majoring in business; in hopes of becoming a personal financial advisor. While attending college, I plan to gain a vast number of tools to guide myself and others to a greater financial state. I also plan to become a certified educator because in our area the occupation is vital to the development of our youth. Benjamin Franklin said, “An investment in knowledge
For this informational interview assignment, I interviewed Adam Kohlmeier who is the self-employed investor who currently working on entering the real estate business. When I started looking in to who I should interview for this assignment I decided to ask some friends and people around me if they knew anybody
It provides hints about the levers that managers must pull to achieve growth above the sustainable rate.
First, let But we also lack the financial know-how to manage our money successfully”. She went on to say, “With a career as a financial specialist, you could help clients accomplish their lifetime goals. “To be able to express to the people that they can do the things they want to do—or send their child to college or purchase a house or retire early—is actual gratifying (Bureau of Labor Statistics 2014-15).” Financial Specialists are precious to the company. Although their daily tasks vary by occupation, their goals can be similar. For example, helping businesses make sound financial decisions is often a vital part of their work. Most of these workers need meticulous acquaintance of the rulebooks and protocols that apply to their jobs, such as accounting principles, tax codes, and financial regulations (Bureau of Labor Statistics 2014-15).” Next, according to the Bureau of Labor Statistics, employment of Financial Analysts are “projected to grow 16 percent from 2012 to 2022, faster than the average for all occupations (Bureau of Labor Statistics 2014-15).” A Finance Analyst added significant value
Have you ever thought of getting a job that pays you the most? Personal Financial Advisor and biomedical engineering are two different major fields that differ in many aspects, but pays very good. People usually tend to go for the field that they are mostly interested in ,and some people go for the one that pays better. Personal advisors requires more work to be done mentally than physically they “ provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances”(Occupational Outlook Handbook). Unlike, biomedical engineering, it requires a lot of physical work to an addition of mental work and they “work in manufacturing, universities, hospitals, research
One pro is that they offer meaningful advice. When people try to make healthy financial investments in their lives and can not decide what to they should do they come to a financial adviser who will give them education on how the person can make suitable decisions (Horton, 2017).
I chose this course simply in the hopes that it would aid me in securing that foundation of knowledge and that any application of the material would result in self-betterment. At the closing of my first lecture, I was enamored with my professor Jared Pickens’ witty and exuberant demeanor. He had an undeniable passion for educating others that had cultivated through-out his years as a Financial Counselor to his current role as Senior Lecturer. Although the course had originally been designed to help students develop a sense of their own personal finances, Professor Pickens offered additional insight into the career of financial planning based on his own experiences within the field. To demonstrate our understanding of the financial planning concepts and methods, we were assigned a semester-long project in which we were to dissect an elaborate case-study and present our conclusions in a formal presentation. My partner and I wasted no time on outlining our assignment, as we were both genuinely excited about unveiling the financial complexities of our new “clients”. We spent countless evenings in the school library analyzing the data while pouring over textbooks, websites, and research to develop the perfect recommendations. In an added measure of creativity and fun, we fashioned our own faux
Financial Advisor is Financial Advising Life as I know it is coming to an end. For the majority of my life my parents were generous and payed for my needs and wants, but now that they opened my eyes about paying for for my own needs and wants. This topic about finance is giving me a rude of awakening about how to budget our annual salary or yearly salary with paying for our wants and taking care of our needs. When we were little we thought that money grew on trees or came from magical wishing weld, but facing the truth where money really come from which is hard work and a good education.
Financial Advisors within the credit union environment have a unique situation. This section details items Advisors need to know, understand and utilize when in the credit union environment. Several important guidelines must be followed:
Three Ways a Financial Advisor Can Help You with Retirement Planning Planning for your retirement is something you should begin doing at an early age, and it should be a part of your personal finances. A financial advisor can assist you in many ways with your retirement plans. The following are
The population of interest for me is advisor in the client/advisor value relationship. When the advisors’ role: Managing the financial planning life cycle continuum. Does the financial advisor add value to the financial planning life cycle continuum? Or, is the advisor an employee of convenience?
Certified Financial planner Being a certified financial planner is not for everyone, this title is considered a professional title in the financial planning field (Certified Financial Planner Salary). Certified Financial Planners have many tasks. They document and revise financial plans for clients and identify client’s financial goals, concerns, and opportunities.
2. List and describe the three career opportunities in the field of finance. Finance has three main career paths: financial management, financial markets and institutions, and investments. Financial management involves managing the finances of a business. Financial managers—people who manage a business firm's finances—perform a number of tasks. They analyze and forecast a firm's finances; assess risk, evaluate investment opportunities, decide when and where to find money sources and how much money to raise, and decide how much money to return to the firm's investors. Bankers, stockbrokers, and others who work in financial markets and institutions focus on the flow of money through financial institutions and the markets in which financial assets are exchanged. They track the impact of interest rates on the flow of that money. People who work in the field of investments locate, select, and manage income-producing assets. For instance, security analysts and mutual fund managers both operate in the investment field.