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As much as he or she is worth. It is a profession where your level of comittment determines your salary. If your lazy you will have a paycheck that reflects that.

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โˆ™ 2008-04-05 02:24:54
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Q: How much does a certified financial planner make?
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How do you become a certified financial planner?

Certified Financial Planners are the ones who suggest or give advise to people regarding financial planning. If you wish to be a Certified Financial Planner or Adviser, you must have Bachelor's Degree(if it is focusing on Finance then it is much better), get a MBA in Finance(this is not really required but it will help you to have in-depth knowledge in financial topics, and this will typically take 2 years full time or 4 years part-time), and last but not the least, you must pass the CFP Certification Exam. Requirements depend in your state you are going to take the exam.


Financial Planner?

A financial planner serves an important purpose for individual clients. Most individuals do not have the time nor the expertise to plan out their future. With this in mind, they hire a certified financial planner to help them come up with a plan that suits their goals and their changing financial situation. This can be a rewarding and lucrative position for those with the financial skills and the personal ability to attract and retain clients.Becoming a financial plannerThere are a few steps that one must go through to become a financial planner. Though it is not a requirement, most will have some sort of background in finance or accounting. This gives them the ability to read the markets and make sound decisions for their clients.Likewise, those looking to become a financial planner will need to pass the CFP exam. Upon completion, they are certified financial planners who have the ability to manage and direct individuals on their finances.What do they make?One of the most important questions for many is just how much money a financial planner makes. These individuals are typically self-starters and much of their pay comes from commissions. This means they make as much money as their skills and networking ability allow them to make. Most start out in the $45,000 to $50,000 range if they are good, and they can build upon that very quickly. The sky is the limit with this field, depending upon a person’s ability to attract wealthy clients and make them money.What do they do?A financial planner will typically sit down with a person and figure out just how much help they need. Some CFPs handle all of their clients’ finances, monitoring their accounts and suggesting investments. Others are just there for advising purposes and act more as consultants. It all depends upon what the client wants, since this is a client-driven business. Much of the certified financial planner’s job is reaching out to new clients and keeping himself on top of the latest investment vehicles. It can be exciting at times and stressful at others, and the work load is determined by the list of clients.


How are certified financial planners compensated commission or flat fee?

Certified financial planners are compensated by commission, but they are also paid a monthly fee. So based on how many customers they have, is how much money they make.


Family Financial Planner?

form_title=Hire a Family Financial Planner form_header=A family financial planner can help you organize your finances and plan for the future. What is your annual household income?=_ Are you married?= () Yes () No What types of property do you own?= [] Car [] Home [] RV [] Motorcylce How much debt do you have?=_


How much does a wedding planner make?

24,000


Can you tell me how to become a financial planner?

There's really no set path to becoming a financial planner, in terms of requirements. Anyone can take on the label, so it's pretty much an instant process when you get your first client.


What does a certified medical coder make per year?

How much money does a certified medical coder make? How much money does a certified medical coder make?


How do I research the credentials of a local Financial Seminar?

At a minimum, the people presenting at the seminar should be Certified Financial Planners. You can check their certifications here: http://www.cfp.net/search/. If this is a stock training program, they typically charge for stock trading training that can be found on Yahoo Finance for free and while they do not present inaccurate information, they typically charge much too much for it and have a reputation for encouraging speculative trading irresponsibly. The credentials of the seminar should be based on the credentials of the teacher. A law degree or CPA (certified public accountant) are verifiable with the bar association and CPA board. A certified financial planner, or CFP, is certified by http://www.cfp.net/.


I am looking to secure the services of a professional who can pretty much 'take control' of finances...what type of professional should I look for?

If you are looking for a professional who can pretty much "take control" of finances, you will need to seek out a financial planner. It is easy to secure services from a financial planner with a little background research.


What guidelines need to follow in financial planning?

The Financial Planning ProcessThe financial planning process consists of the following six steps as described below. It is so much more important and relevant in light of the Proposed financial Advisory and Intermediary Services Bill 2000.Establishing and defining the client-planner relationship: The financial planner should clearly explain or document the services to be provider to the client and define both his and the client's responsibilities. The financial planner should explain fully how he will be paid and by whom. The financial planner and the client should agree on how long the professional relationship should last and on how decisions will be made.Gathering client data, including goals: The financial planner should ask for comprehensive information about the client's financial situation. The financial planner and the client should mutually define the personal and financial goals of the client, understand the client's time frame for results and discuss the client's risk profile and risk tolerance. The financial planner should gather all the necessary documents before providing the client with advice.Analysing and evaluating the client's financial status: The financial planner should analyse the client's information to assess the client's current situation and determine what the client must do to meet their goals. Depending on what services the client has asked for, this could include analysing the client's assests, liabilities and cash flow, current insurance coverage, investments or tax strategies.Developing and presenting financial planning recommendations and/or alternatives: The financial planner should offer financial planning recommendations that address the client's goals, based on the information provided by the client. The financial planner should go over the recommendations with the client to help the client understand them, so that the client can make informed decisions. The financial planner should also listen to the client's concerns and revise the recommendations as appropriate.Implementing the financial planning recommendations: The financial planner and the client should agree on how the recommendations will be carried out. The planner may carry out the recommendations or serve as a "coach" to the client, co-ordianting the whole process with the client and other professionals such as an insurance agent, investment adviser, attorneys or stockbrokers.Monitoring the financial planning recommendations: The financial planner and the client should agree on who will monitor the client's situation and adjust the recommendations, if needed, as circumstance require.


IRA Calculator-Plan For Your Future ?

Planning for retirement includes using a variety of investments to increase your financial independence. An IRA is an individual retirement account that offers tax-free savings until you withdraw contributions during retirement. You can find free IRA calculators online to help you determine how much money you should contribute annually. These calculators can give you the insight you need to start contributing more money to your IRA. Choose a financial planner to help you plan for your future. There are other ways to save and invest your money. An experienced financial planner can help you set financial goals for your future. Learn about the best ways to set up a budget in order to get your spending under control. Even if you only have $100 a month to invest, you can start learning about investment strategies that can grow your financial portfolio. It is never too late to start planning for retirement. Hire only a certified financial planner. A certified planner has studied and earned specific credentials that prove they have the knowledge and skills required. The financial planner you choose should be experienced in the types of securities you want to add to your portfolio. Getting a reference from a friend or family member is not the only consideration. Your family or friend may have different financial needs and goals than you. Check the certified financial planner's credentials to be sure there are no complaints filed. Identify your financial goals by writing them down. If you are not on a budget, consider developing one. A budget is just a blueprint that keeps you in control of your money. Don't make it too restrictive and you will likely stay on it. If you are trying to achieve short term financial goals, then your budget may need to be tighter. You can also find financial software that will help you track your spending and create a new budget. Financial planning for your future takes a lot of planning, patience and self-discipline to achieve your goals and retire worry-free.


Will a financial planner help you to reduce your debt?

yes they can help reduce debt they can review how much you make, what you are spending on and how to spend correctly while saving money for your future at the same time.

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