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There are two aspects to your question :
1. The scope for the client
2. The scope for the Planner.
There are literally lakhs of clients out there who yearn for good financial advice. So there is a latent market. However, many of these are wary of paying for the same, believing that financial publications and the electronic media are good enough.
Hence if you want to have a career as a Financial Planner you must be prepared to dig in for the long term. The few planners who are well known today are able to charge highly for their services. However, that is true in every profession. The best ones will be able to command a premium.
What else can I help you with?
When was Financial Planning Standards Board India created?
Financial Planning Standards Board India was created in 1975.
What is the scope of architects in india?
The scope of architects in India is limited to the construction industry, which involves urban planning, surveying, and much more.
Problems and the scope of merchant banking in India in brief?
The mishandling of funds has been the scope of problems that has been seen in India's merchant banking. A more limited amount of financial managements could solve the problem.
What is the Scope of B.Tech planning?
The scope of B tech planning is implementation, designing and planning of a structure. This is the job of a civil engineer.
What is the scope of the plan?
The scope of B tech planning is implementation, designing and planning of a structure. This is the job of a civil engineer.
Scope of portfolio?
The scope of your financial portfolio varies from person to person. Your financial portfolio should reflect your financial goals in life.
Financial accounting of Scope?
scope of accounting with answer some points?
What is the scope after Computer Engineering in India?
india
Can the investment banking industry have great scope in India in the coming years?
yes because the growing economy in India needs a helping hand. and this helping hand can only be provided by the financial or the banking industries. thus it has great scope and importance in todays competitive and fast moving ecopnomy.
What is the first step of the six-step financial planning process?
The first step of the six-step financial planning process is to establish and define the client-planner relationship. This involves understanding the client's financial goals, needs, and priorities, as well as clarifying the planner's role, responsibilities, and the scope of services offered. Effective communication and trust-building are essential during this stage to ensure a strong foundation for the planning process.
What does a certified financial planner actually do?
Financial Planners are the ones who deal in resolving financial issues by making a financial plan like cash flow management, education planning, retirement planning, investment planning, estate planning, tax planning, insurance planning, risk management, and business succession planning for business owners. A financial planner must already finished his/her CFP certification program so he/she can practice his/her skills and knowledge in the field of financial planning.
What is the first step in the financial planning process?
The first step in the financial planning process is to determine your current financial situation.
