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.
Are there financial planners who give advice for free?
paragraph] Specifically, by cultivating relationships with financial planners and other financial advisers who bear a fiduciary responsibility to their clients, loan originators can contribute meaningful guidance to consumers' long-term financial decisions.
No other licensing, degree, designation, trademarks or initials after your name has the same high impact on the public's trust of financial planners than state licensing.
Nick Platt, managing director, who holds the individual Chartered Financial Planner title, said that securing Corporate Chartered Financial Planners status was a landmark for his company.
The gift of longer life means it's in the national interest to ensure consumers have confidence in financial planners and advisers.
For financial planners who work with family business owners, all of these issues are present.
The Chartered Insurance Institute has conferred the sought-after title on Hastings O'Loughlin - the only all-women firm of chartered financial planners in West Yorkshire - with offices in Greetland.
The authors conducted a survey of CPAs, attorneys, and financial planners that asked them to rate their level of satisfaction with each other regarding their work together.
Among the efforts specifically named were comprehensive handbooks jointly developed with the Foundation for Fiduciary Studies to promote prudent investment practices for financial planners acting as fiduciaries, two broad-based guides with the National Endowment for Financial Education and the American Red Cross to help people affected by natural and man-made disasters, and a Wealth Management Insider newsletter that publishes articles on a range of financial planning topics for readers in the accounting profession.
It's a good time for independent insurance agents and brokers to build or strengthen strategic relationships with financial planners and other wealth managers.

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