The Profession of Financial Planners

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There are many different definitions for the profession of a financial planner. The services that financial planners offer usually vary widely. Some financial planners look at every aspect of a client’s life and show the client how he or she can spend and save money more wisely. Other financial planners show clients where and how to invest money (“Financial planners,” 2008). Four of the major specialty areas of financial planners include major life changes, personal finances, investments, and business finances (“Financial planning association,” 2012). Because there are so many types of financial planners, the best definition would be anyone who provides financial advice, investment management, or brokerage deals in exchange for money (“How…show more content…
Ultimately, the client is the one making the financial decisions. The financial planner is only there to offer considerations and advice. Because of the nature of the advice, people looking for a financial planner should do detailed research to find the right financial planner. If a planner claims he or she has a Chartered Financial Analyst (CFA) certification, the client seeking advice should find where the planner got the certification and call to see if the planner does in fact have that certification. The same goes for a planner with a Certified Financial Planner (CFP) certification. Clients can go to the Certified Financial Planner Board of Standards site and see if that planner is listed (“Financial planners,” 2008). Clients do not want to hire a planner and later realize that the planner had no idea what he or she was talking about. One should always be careful and thorough in researching a financial planner.
The first question a potential client should ask is whether or not he or she needs a financial planner. If a person has always been good at saving, investing, and managing money, he or she may not need a financial planner. However, if a person has always had money issues or wants to start investing and has no idea where to start, he or she should probably look into finding a financial planner. Someone who has issues finding the right ways to spend or save money should find a financial planner who specializes in personal finances. A person who
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