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 ?
It's a mark of Gwyn's achievement that according to the latest Chartered Insurance Institute (CII) figures, which oversees the Chartered Financial Planner qualifications, only 17 per cent of the 25,000 financial planners in the UK hold the title.
Experience: More than certifications and being a bookworm, a great financial planner is one who bears the experience in actually practicing the four pillars of personal finance, that of cash, debt, risk and wealth management.
Financial planners are paid based on assets under management, so when a client pays cash for a $500,000 house, that's $500,000 the financial planner could be managing but is no longer able to manage because the client liquidated his investment account and is purchasing the house for cash.
There was considerable discussion at the time about whether financial planners should be regulated by each state or by the newly created national Board.
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.
Financial planners play an important role in most of these elements.
The company has recently been strengthened by the recruitment of independent financial adviser Sue West, who also holds the individual Chartered Financial Planner title.
One respondent commented that the other-advisors "may not fully appreciate that the financial planner is the core/primary advisor among all the client's professional relationships.
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.
Smith recommends checking the names of those advisors who make the first cut against lists of bad actors updated continuously by the Certified Financial Planner Board of Standards.
Look for someone who is a Certified Financial Planner (CFP) or a Personal Financial Specialist (PFS).
Stuart Speer, a certified financial planner who serves as an adjunct professor at Park University (Mo.

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