Financial planner


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Financial planner

An investment professional who assists individuals with long- and short-term financial goals.

Financial Planner

A professional who consults with clients on financial matters. A financial planner may help a client prepare income taxes, insurance, investments, and estate planning, among others. Generally speaking, a financial planner must have a certification such as a ChFC or a CFP.

financial planner

A person who counsels individuals and corporations with respect to evaluating financial status, identifying goals, and determining ways in which the goals can be met. Although many people call themselves financial planners, a large number are primarily interested in selling a limited number of products they represent. A full-time professional planner, including a certified financial planner, an investment manager, or a tax attorney, may be better able to provide unbiased advice to the investor. See also certified financial planner, chartered financial consultant.

Financial planner.

A financial planner evaluates your personal finances and helps you develop a financial plan to meet both your immediate needs and your long-term goals. Some, but not all, planners have credentials from professional organizations.

Some well-known credentials are Certified Financial Planner (CFP), Chartered Financial Consultant (ChFC), Certified Investment Management Analyst (CIMA), and Personal Financial Specialist (PFS).

A PFS is a Certified Public Accountant (CPA) who has passed an exam on financial planning. Some planners are also licensed to sell certain investment or insurance products.

Fee-only financial planners charge by the hour or collect a flat fee for a specific service, but don't sell products or earn sales commissions. Other planners don't charge a fee but earn commissions on the products they sell to you. Still others both charge fees and earn commissions but may offset their fees by the amount of commission they earn.

References in periodicals archive ?
The Gillard Government recognises the need for quality financial advice, and for Australian consumers to have trust and confidence in their financial planners and advisers, is critical.
Finally, the article notes that a financial planner might be able to offer critiques or corrections to a client's existing portfolio or financial plans, based on experience and formal training.
The company has recently been strengthened by the recruitment of independent financial adviser Sue West, who also holds the individual Chartered Financial Planner title.
Workers will be able to opt out if they choose, but financial planners don't expect to see many people do that, because people tend to stick with retirement contributions.
Initial discussion with your financial planner might include conversation about their scope of services, fees and licenses," Smith says.
Certified Financial Planner Paul Gydosh has worked with two different universities to help manage life insurance policies given by donors.
The time has never been better to be a personal financial planner.
To help build member competency the PFP community provides convenient access to articles, illustrations, tables and interactive tools that enable financial planners to deliver current, concise and compliant advice to clients.
Last summer, Congress enacted the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), which gave financial planners several new options and possibilities to consider for their clients.
When selecting a financial planner, Danes suggests working from the three C's -- credentials, compensation and commitment.
Dennis Gurtz, a financial planner in the Washington, DC, area, emphasizes that there is no such thing as a typical client in a typical situation.
The Index's January survey reveals that for the second consecutive year, 90 percent of middle-class Americans who work with a financial planner say they trust their planner.

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