Professional Financial Planner

As I begin my personal financial plan, I will start with my goals for different points in my life. This will outline the overall plan for getting my finances in order. Even though I may not have enough time to complete my goals, completing my goals are important because of financial well-being and being able to retire comfortably.

In the article, Advisors Involved in Financial Planning, authors Mendlowitz and Kess talks about how financial advisors are people oriented and want what is best for their clients. The authors prove that the difficulty of the financial advising processes is typically overlooked by others by stating, “The different kinds of financial advisors and their role in the overall financial planning process is difficult” (Pg.66). Many might think that financial advisors have an easy job, but there is more to it than telling people to save small amounts of money here and there. Advisors must go through several specific steps to figure out the exact amounts their clients must save. The author of this article talks about situations that a financial advisor might go through as well as how the advisor should

It provides hints about the levers that managers must pull to achieve growth above the sustainable rate.

Each non-associated or non-registered person working with or assisting a Financial Advisor should also read this section. It is the

Evaluation will be based on End-of-Topic quizzes, a midterm exam, four assignments, and a final exam as listed under “Grading Scheme” below. There is a quiz at the end of each topic/chapter. The midterm quiz covers chapters 1 to 9 inclusive and the final quiz covers the entire course. All the quizzes are True/False and multiple choice types available in Blackboard. All the quizzes are open-book but because of the limited time available to take a quiz, you must have good knowledge of the content before taking the test. You are responsible for checking Blackboard for the opening and closing dates and times of the quizzes. No extensions will be allowed.

Just Graduate’s financial planner, Just Graduated has a job and makes $32, 000 after tax per year and he has a $25, 000 school loan. Student debt is to be paid off and monthly combined expenses of $2, 000 every month, with rent. Just Graduated has no credit card and is look for help to help him manage his financial expenses.

I think that you must have the right drive and focus to achieve what you want. Success is not about money, but rather success in the eyes of the beholder. It does not matter what you view as successful though, because you will not be successful without the necessary drive and persistence. Many many people give up on their dreams because they do not possess they key characteristics, and they oftentimes do not truly believe that they are living a successful life. Money is also a key factor, and it certainly helps most people with their dreams, but I think that if you set realistic goals for yourself, you can move up in your social/economic class, and lead a successful life for yourself and your

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.

Job knowledge, technical skills, and communication skills will help the Registered Financial Advisor’s overall performance. The Registered Financial Advisor has to exhibit a certain level of knowledge before he is allowed to give financial advice. This knowledge is tested through the Series 6, Series 63, Series 65, and the life insurance exams. In addition, the Registered Financial Advisor has options to increase financial knowledge through the attainment of different financial designations. Moreover, I have obtained the following financial designations: Chartered Life Underwriter (CLU), and Chartered Financial Consultant (CHFC). The CLU designation teaches financial advisers how to fully serve the diverse needs of their individual and

When attempting to save better to ensure you have a better quality of life in retirement age is not a venture you have to go it alone. The daunting task of navigating the options of retirement, getting out of debt, and preparing for unexpected events can seem impossible; employing a trustworthy retirement advisor greatly decreases the

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 only three ways they can do this.

In financial planning, one must consider both the personal and business aspect of the profession. Without recognizing both, an advisor cannot expect to grow their business and expand their client base. The personal aspect allows advisors to better engage and connect with clients. In turn, an advisor hopes this leads to an increase in business. However, when considering the business aspect, an advisor must also recognize what is harmful or beneficial to his practice. As we said in class, we have to keep the lights on. Naturally there are strengths which apply to both aspects, while there are strengths mutually exclusive to only one aspect. My top three strengths relate to both the business and personal aspect of financial planning. The fourth

For more help and guidance with money matters, see the future books in my series: More Money for the 99% or request a one-on-one coaching session at: MikesPen.com.

Within the book, Get a Financial Life: Personal Finance in Your Twenties and Thirties, author Beth Kobliner provides plentiful knowledge to help with financial literacy. Kobliner, a journalist, author, and personal finance expert has set this book up to answer a variety of questions that aid in a better understanding of one’s financial affairs. The questions divided into different chapters cover specific financial choices and problems people are faced with. Unquestionably, this book is useful to incoming college students, because it details how to set financial goals, manage debt, banking tools, insurance advice, and how to get the most from taxes.

Appropriate and realistic goals are essential to your self-help plan to achieve financial stability. Without attainable goals, your chances of being financially successful are small.