Financial planners offer a variety of services. Some focus on preparing comprehensive financial plans while others specialize in securities and insurance. Many also sell products. Be sure to check their credentials and ask for references. Choose one who is knowledgeable, affordable, and whose style fits with yours. It’s also important to find a planner with whom you feel comfortable.
A financial planner typically holds the Certified Financial Planner(r) professional designation. He or she will help clients plan for retirement, invest for the future, and take advantage of tax planning. He or she may also provide advice on insurance coverage and the financial implications of family and education. A financial planner should always have a client’s best interest in mind.
A financial planner will conduct interviews and questionnaires to gather information about the client. Once they know this information, they will develop a profile of their client. This includes their financial goals, risk tolerance, and current income. They will also take into account the type of insurance and retirement programs that they have. Once a plan is developed, the planner will continue to monitor market trends to ensure that it is working in the client’s best interests.
After completing coursework and gaining experience, a financial planner should take an exam to become certified. This certification will enhance your reputation and career opportunities.