The Profession Of Financial Planners Essay

1814 words - 8 pages

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 to become,” 2013)
A financial planner is there to help clients set realistic financial goals, assess the client’s financial health, develop a plan for the client to meet his or her financial goals, and meet with the client after the plan has been put into action so the planner can be sure that the client is making good progress. The client should bring all financial documents to a meeting with a financial planner so the planner can accurately judge the financial situation of the client (“Financial planning association,” 2012).
If a client is looking for a financial planner, he or she should be sure to research to find the type of financial planner he or she is looking for. Although it will take time, the right type of research will be worth the time because financial planners can save the financial lives of their clients. A financial planner’s job is to inform his or her clients about each decision. He or she will inform their clients about how each decision will affect them. The financial planner does not make the decision for the client, but does his or her best to lead the client in the right direction. 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...

Find Another Essay On The Profession of Financial Planners

The Roles of Communication Skills in the Student Guidance Profession

1850 words - 7 pages Communication skills are the most basic but also important skills anyone need, especially for the counselling professions. This essay will look at two of these specific skills and how it impacts on one of the most seen counselling professions, the Student Guidance Officers. These two skills will be active listening and rapport building which will be defined and described while referring to a sample video of the Student Guidance profession

The Concept of Dignity in the Nursing Profession

1917 words - 8 pages story unfolds, issues arise which are relevant to the nursing profession regarding the ethics behind experimental medical research and a nurse’s obligation to promote appropriate treatments, to foster minimal suffering and advocate for a patients health and well-being. Nurses will work with patients who have heard life changing diagnoses and they need to ensure the protection and promotion of the well being of their patients. Nurses will

Importance of the Financial Report

2170 words - 9 pages Owners, managers and outside stakeholders of a company need reliable financial information to work smarter, control their costs and gain strategic operational insights respectively. This can happen by the provision of financial reporting framework which it will be discussed in the first paragraph of the essay. Then the scope of the framework will be explained base on financial reports, reporting entities and qualitative characteristics and their

The Purpose of Financial Statements

1835 words - 7 pages The Purpose of Financial Statements The financial statements of a business are used to provide information about the status of the business, set performance targets and impose restrictions on the managers of the firm as well as provide an easier method for financial planning. The financial statements consist of the Profit and Loss Account, Balance Sheet and the Cash Flow Statement. There are

The Concept of Financial Intermediation

1073 words - 4 pages I. Introduction Financial intermediation is usually understood as a process of connecting lenders and borrowers, performed by banks and other intermediaries . It is a main basis of all financial systems, which are extremely important for capitalist economies. It allows banks to make profits and is one of the sources of economies’ well-being. Why is financial intermediation so important? Because it brings together economic agents with surplus

Financial Crisis of the 1980s

1094 words - 4 pages The financial crisis of 2008 and 2009 is considered by others as the worst financial crisis since the Great depression of 1930. However there were other financial crisis which had happened after the Great depression which were equally disastrous. The one that comes in mind was the financial crisis of the 1980s and early 1990s. It is always overlook by others because of the 2008 credit crunch which happens to be the recent one. It became known

The Importance of Financial Planning

659 words - 3 pages Throughout life we a faced with financial decisions. Much of the time we are unable to manage our funds the way that we would have liked. Successful financial planning allows you to have a clear prospective on your future financial needs. In order to gain the financial freedom of your desire you will need to start by reviewing your current situation. Like many others my finances are not what I?d like them to be. With everyday that passes I ask

Repercussions of the Financial Crisis

960 words - 4 pages The most important thing on many people’s minds now are probably the financial crisis that is occurring. Due to its enormity, the effects, like the companies firing employees to cut costs, can be felt all around the world. As the repercussions are huge, so we must be well prepared. However, before I go on to the repercussions of the financial crisis, it is essential to know why it occurred. The roots of the crisis can be traced back to the

The Financial Analysis of IHG

4851 words - 19 pages . Shareholders' Investment6.1 Earning Yield6.2 Price- Earnings Ratio6.3 Dividend Cover6.4 Dividend Yield7. Trend Analysis7.1 Return On Equity (ROE) Ratio7.2 Net Profit Margin7.3 Total Asset8. Post Balance Event9. Group Reflective10.Bibliography11. Appendix1. IntroductionThe purpose of writing this report is to analyse financial performances of InterContinental Hotels Group (IHG) for potential investors. The results are calculated by using ratio model

The Effects of Decreased Time Providing Direct Care Within the Nursing Profession

1100 words - 4 pages During the first 50 years of modern day nursing, nurses primarily cared for the ill within their patients’ homes. This allowed the nurse to focus all of her time and effort on one patient. Thus, modern nursing began as a very intimate profession. The nurse knew the patients personally and vice versa. With the advancements of medical technology after World War II, hospitals became a more popular setting for caring for the ill. Nurses were needed

The Nature and Significance of Gender Relations in Mrs. Warren’s Profession

1188 words - 5 pages Mrs. Warren’s Profession is one of three plays that feature in George Bernard Shaw’s collection titled “Plays Unpleasant”, each of which Shaw indicated “force the spectator to face unpleasant facts”. Shaw was an early advocate of feminism, so he wrote Mrs. Warren’s Profession to highlight the capitalist and chauvinist society and challenge how people view the role of women within society. The play takes a critical look at the male double

Similar Essays

The Profession Of Nursing Essay

1772 words - 7 pages The definition of a profession is "a calling requiring specialized knowledge and often long and intensive academic preparation" (Webster Dictionary, 2008). By definition, I would consider nursing to be a profession, without a doubt. Nurses have spent too much time and effort in academic settings not to use the word profession. Nurses are taught and academically prepared by leaders in the nursing field who have the specialized knowledge that

History Of The Nursing Profession Essay

792 words - 4 pages In the 1980's, the nursing profession was transformed by World War two. The first known nurse during the early years of the Christian church was Phoebe a deaconess. Phoebe took care of both men and woman, in 323 A.D construction of a hospital has begun in every cathedral town. Nursing professionalized in the late 19th century. Larger hospitals set up nursing schools that attracted ambitious women from working-class back grounds. Till the early

The Profession Of Registered Nursing Essay

1630 words - 7 pages have dangerous diseases that can infect them . In the future later on in my medical field I can see myself in the nursing field by attending to the patients needs and by giving them their proper medication . Because in the nursing profession, I’ve noticed that one of the main qualities is to have good interpersonal and communication skills. I see myself fitting into this profession

The Rhetorical Analysis Of Writing In The Accounting Profession

1876 words - 8 pages Running head: WRITING IN ACCOUNTING 1WRITING IN ACCOUNTINGTHE RHETORICAL ANALYSIS OF WRITING IN THE ACCOUNTING PROFESSIONAbstractThe techniques and writing styles used within the accounting profession. The accounting field requires a lot of data gathering and responding to that data in the form of formal responses in APA formatting. The paper is constructed into five paragraphs: introduction, formatting in writing, logos in writing, ethos in