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Financial planning consultants provide advices on critical investments, money savings, life and property insurances and employment benefits. A good financial planner will take an objective, unemotional look at the situation something that might be hard for someone to do himself.
Wiki User
∙ 10y ago
norway office
There are several reasons why would we need financial advisor, Here I describe one reason of them-
When you receive a substantial chunk of money
An inheritance, bonus, buyout, or hefty rise should be a boon to your financial health. Unfortunately, many people will miss out on this opportunity.
According to a 2012 research by Ohio State University's Center for Human Resource Research, most people barely preserve half of their inherited money. 826 persons got an inheritance in the research, with the median value being $11,340. One-third of individuals who received an inheritance saw their overall wealth stay the same or even decrease as a result of poor financial decisions.
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What is financial planning and what does it do?
Financial planning is a means of determining one's present and future financial needs and trying to budget and allocate financial resources to take care of both present and future needs. Financial planning helps one to set a goal for saving or building up the financial resources needed for the future. For any investor, knowledge of financial planning is a must.
How important is financial planning for a newlywed couple?
A couple just starting their lives together need to plan for the future, so financial planning is crucial. Planning for the purchase of a home or the start of a family require advance planning so money will be available when needed.
What kind of financial planning services does Northern Rock offer?
Northern Rock provides savings and retirement accounts, mortgages and insurance policies. Their financial planning department can help you decide what services you need.
What financial services does Wachovia offer?
Wachovia offers a wide range of financial services. From savings accounts to home loans to college planning, money markets to automobile loans to retirement they are the one stop shop for any type of financial planning you may need.
How does planning lead to positive financial results?
That is entirely subjective. Planning your finances allows you to have a clear definition what you need to do to produce positive financial results. By outlining your expenditures and assets you can make better financial decisions. Not planning finances is like driving through a city you've never seen before in a country you've never been without any idea of where your going or how your going to get there. Planning itself though, does not guarantee positive results. You must also be diligent in your savings and intelligent in your financial investments.
What could financial planning help you do?
I need help!
What is financial planning and what does it do?
Financial planning is a means of determining one's present and future financial needs and trying to budget and allocate financial resources to take care of both present and future needs. Financial planning helps one to set a goal for saving or building up the financial resources needed for the future. For any investor, knowledge of financial planning is a must.
How important is financial planning for a newlywed couple?
A couple just starting their lives together need to plan for the future, so financial planning is crucial. Planning for the purchase of a home or the start of a family require advance planning so money will be available when needed.
What kinds of businesses would need project management consultants?
There is almost every single kind of businesses would need project management consultants. However, the most demand belongs to payroll counting business.
What kind of financial planning services does Northern Rock offer?
Northern Rock provides savings and retirement accounts, mortgages and insurance policies. Their financial planning department can help you decide what services you need.
What financial services does Wachovia offer?
Wachovia offers a wide range of financial services. From savings accounts to home loans to college planning, money markets to automobile loans to retirement they are the one stop shop for any type of financial planning you may need.
Does TDAmeritrade offer good help and tips on their website?
TDAmeritrade offers many useful, helpful tips on their website that you may use for financial planning. If you need financial planning help, TDAmeritrade's website may be useful.
Scholarships where can you find them?
Go to the College/University's website that you would like to attend and look up their financial aid. If you need more information you can always talk to a college planning/financial management professional at your school. HOPE THIS HELPS :)
Who is a financial planner?
A financial planner is the one who deal with different personal financial issues by making a financial plan that includes cash flow management, education planning, retirement planning, investment planning, risk management and insurance planning, tax planning, estate planning and business succession planning (for business owners). In order to become a financial planner, you'll need to get a college degree but it doesn't mean that it must be a finance-related course. The important thing is it is an accredited university. After getting your degree, you are now qualified to take a certification course. Once you get certified, your are now required to take a CFP Continuing Education every year or binannual depending on the state you work in.
I would like to become a certified financial planner, what courses do I need to take ?
The Certified Financial Planner Board of Standards has a guide on that I found to be very useful. I suggest checking the local universities in the area for financial planning programs and also checking out some of the online programs that are available.
Who hires a Certified financial Planner?
Well, people who are in need of managing their finances and investments. Those who are not sure about their financial decisions and need experts to manage their money in better directions and make their financial portfolio better. It is alway better to have financial planner with you to prepare better financial planning. Check out this also: findmeanadvisor.com
How does planning lead to positive financial results?
That is entirely subjective. Planning your finances allows you to have a clear definition what you need to do to produce positive financial results. By outlining your expenditures and assets you can make better financial decisions. Not planning finances is like driving through a city you've never seen before in a country you've never been without any idea of where your going or how your going to get there. Planning itself though, does not guarantee positive results. You must also be diligent in your savings and intelligent in your financial investments.
