Financial planning is a systematic approach whereby a financial planner helps a client to maximize his/her existing and future financial resources by utilizing various financial products and tools to save money and achieve his or her financial and life goals.
Financial planning normally involves many aspects of money matters that range from asset allocation, estate planning to insurance, tax strategies and investment selection.
There are many types of financial planning credentials in the industries including: CFP (certified financial planner), ChFC (chartered financial consultant), ChFC (a Chartered Life Underwriter), PFS (personal financial specialist), CFA (chartered financial analyst), CIC (chartered investment counselor), CIC (certified insurance counselor).
Here are some questions you can ask to help you decide on a financial planner. What are your qualifications? What experience do you have? What services do you offer? What is your approach to financial planning? Will you be the only person working with me? How will I pay for your services? How much do you typically charge? Could anyone besides me benefit from your recommendations? Are you regulated by any organization?Powered by Sidelines