The Essential Element to Be a Financial Planner in Hong Kong

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

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)

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)

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)

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

Financial planning deals to meet the goals of life by a proper management of finances. As being head of a family some goals like savings for children’s education or buying a home is required to achieve within a fixed time. A financial planning is very necessary for all people since, everyone wants a good financial status in life. If anyone has certain goals then they can become something bigger. For a perfect financial planning, a person should look for top financial services companies.

Prospecting has become an uphill battle for most financial advisors, but by practicing a customer-centric, information-based approach in marketing, they can make themselves relevant in their prospects' buyer

1. Brigham, Eugene F. and Michael C. Ehrhardt. Financial Management Theory and Practice, 13th Edition, Thompson South-Western, ISBN-13# 978-14390-7809-9, ISBN-10#1-4390-7809-2

Gathering client data and determining goals: The planner learns about the client’s financial situation, goals and risk tolerance. This primarily involves gathering all the data.

Questions such as why he wants financial coaching? What he would like to accomplish during our sessions together? What his expectations are nearing the end of our journey together? What are his expectations of me as his financial coach? Asking these open-ended questions helped to get to the real underlying psychological factors of why Bill’s wants to learn how to handle his money. Bill’s feedback gave me the information required to get a better understanding on how to work with Bill as his financial coach (Massie, 2006).

The financial industry is an important aspect in every individual’s life. If individuals want a successful retirement, planning accordingly is an important aspect to accomplish this goal. I have been in the financial industry for total of four years. As each year passes by, I have realized the importance of planning accordingly with your finances. I have helped individuals plan their retirement on a daily bases with my current employment, and it has given me a passion to help individuals with their finances. The financial industry is important matter around the world, and I would like to partake in helping individuals planned their retirement successfully. The main reason I decided to join the financial industry is because of the lack of knowledge in the African America community for financial literacy.

In China, account manager plays a significant role in corporations, especially in connecting senior customers and companies, aiming to sell products of the companies to them. I am going to reveal some of the details of what a senior account manager does and how they generate value contributing to the companies. It was my great pleasure that I had an opportunity to interview Jing Wang, an experienced Senior Account Manager of the company Dianxin, one of the largest electric companies in China.

Prior to taking this course, I knew very little about financial planning. I had seen many people create a budget, use credit, or even talk about investing for retirement, but I only had the slightest idea of how to do so I read once that eight out of every ten Americans is indebted (“Eight out of Ten Americans in Debt: Study,” 2015). After reading that article I thought that money management was going to be a tedious and strenuous activity since so many people have failed to manage their finances successfully. However, once I began this course and began using the same methods on my own finances, I realized that with a little planning, financial management is simple and can secure a better financial future for yourself.

The importance of interpersonal skills is that you need to understand how to deal with other people and involve your acceptance of others, without prejudice in order to achieve your task.