FINANCIAL PLANNERS

How many financial planners are there in the United States?

Approximately 300,000 Americans call themselves financial planners.

How many of them are actually certified?

Of the 300,000 financial planners in the United States, only 60,000 have passed the rigorous examinations that allow them to be called "certified financial planners," or CFPs.

What is the difference between a financial planner and an investment adviser?

An investment adviser may offer advice on the many investment choices available to you, both from the company for which he works, as well as other choices outside the firm. A financial planner is a generalist who is experienced at looking at the big picture of your financial health and your entire portfolio (both assets and liabilities). He can guide you on the proper choices that will allow you to reach your short-term and long-term financial goals.

What does a financial planner do?

A financial planner can advise you how best to increase your assets and reduce your debt, help establish an expense budget and savings/investing budget, and help you develop a detailed strategy or financial plan to realize your short- and long-term financial goals.

Why do people seek the advice of financial planners?

People seek the advice of financial planners because they believe there is a sea of

Of the 300,000 financial planners working in the United States today, only 60,000 have been certified. Check to see if they are certified before hiring one.

Of the 300,000 financial planners working in the United States today, only 60,000 have been certified. Check to see if they are certified before hiring one.

information available to them and numerous acronyms that need to be learned, as well as many options available—so many that people think it requires much work to manage their portfolios, and they seek investment advice in order to save time. Many people believe they will never become experts in analyzing investment vehicles, and they pay others for this expertise.

 
< Prev   CONTENTS   Next >