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 ?
Robin Melley and Gary Matthews, the directors of Bridgnorth-based Matrix Capital, graduated as Chartered Financial Planners recently at a ceremony held by the Chartered Insurance Institute.
The AICPA was cited for numerous initiatives in the past year dedicated to promoting the knowledge, skills and expertise of the CPA as financial planner to the general public and other financial planners.
In many cases, the answer is "no." Few agents and brokers actually have gotten to sit next to the financial planners, lawyers, accountants and other advisers.
Agents can gain more business through financial planners by emphasizing the possibility that the clients for whom the planners have so diligently worked to build assets will suffer potential financial damage.
Financial planners should be aware of the potential impact of such inconsistent treatments.
When George Gay founded the First Affirmative Financial Network (FAFN) back in 1982 to help individuals align personal values with financial decision-making, he had 55 SRI-focused financial planners in 20 states managing less than $5 million in client assets.
Not all financial planners are certified and competent in all areas of finance: investing, saving, taxes, estate planning and insurance.
By using financial planning strategies and outside financial planners, colleges are preparing to meet the future head-on.
"Wealth Manager" is published monthly and is targeted to independent financial planners and investment advisers with high-net worth clients.
"The new site satisfies the needs of our CPA financial planners--who have told us they want a "home" to share, collaborate and network with peers--as well as financial planners who have similar professional interests." The site offers members the ability to share experiences, post questions to peers, learn what's new and have access to the CPA Financial Planner Online Discussion Forum.
While many financial planners do not believe this will happen, clients must be made aware of the potential.

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