Dreaming about a career that gives you a secure, renamed, money, work satisfaction and career developments? A career as a financial planner may be your ideal career option. As a financial planner, you need to work with numbers and people. Financial planning training teaches you how to save, spend, and smart investment.
History of financial planning
The financial services sector has come a long way over the last decade.Earlier it divisions separate in the industry such as banks, brokers, agents, employees of mutual funds and thus of suite.Pour an individual is required to access the Bank for the implementation of loans, visit brokers for investments. Mutual funds have been a completely different industry.
This makes people long for a holistic approach to financial planning.There was need for planning for the education of children, pension, emergencies, etc.Thus, financial planning, a relatively young, émergé profession.
Financial planning professionals takes a holistic approach to financial planners .the individual financial resources management recommendations for growth and preserve wealth, reduce tax, retirement benefits, insurance, planning investment - and much more, depending on the financial situation of the customer.
Financial planning - an overview.
"Financial planning is the process of managing the financial resources of an individual, a way to save and invest wisely."As a financial planner, you need to interact with people and know their needs.
Based on the financial strength of each, you will need to provide for their savings, taxes, retirement planning, investment and thus financial suite.Planification team lets you create an overall strategy to manage financial resources.
A good financial planner has extensive knowledge of the investment, taxes, problems of pension, insurance, benefits and more encore.Un most important assets of a financial planner is the ability to listen.
Work contour
A financial planner helps its clients understand their financial needs and develop a strategy to respond to these besoins.Les various responsibilities include:
Defining the customer-planner establishing data collection of client-planner for customer relationship that analyzes financial resources relationship assessment of the financial situation of the client developing and present strategies Financial Planning visualization of financial strategies implemented policy of monitoring the level of growth fund to provide advice on investments and savings
Financial planners must constantly interact with advisors, lawyers, accounting, trust officers, investment banking and tax officers.
Financial planning is a stressful-based profession on peripheral intensive.Plans financial planners many global research for their clients, manage a specific interest and a financial target, planning for retirement, buy a House, investment, taxes, etc.
A financial planner using questionnaires and interviews to mount a client.Le profile profile includes details on issues such as financial goals, current income, investment, risk, charges, tax, insurance, retirement programs plans for succession, inheritance, benefits and more.
Educational qualifications
If no formal criteria is set to become a financial planner, a Bachelor of business administration accounting, statistical, or funding is considered bon.Une thorough knowledge of statistics, economics, accounting, budgeting, financial and commercial analysis is essential.
Interpersonal skills
Qualified financial planner, apart from being responsible must also have some interpersonal skills base:
It should be a self-confidant, mature listening and understanding must be able to work independently ability to work under diplomatic pressure & energetic good conversation skills
Career opportunities
US News and world report rates the career of a financial planner as one of the ten professions earlier today.
Investments increased by businesses and individuals are expected more rapid employment growth in average for financial planners in 2012.En addition, improving the quality of life and people started on retirement planning.
Financial planners can earn several façons.Certains in fees charged to individual customers, some earn commissions on investments; some receive a salary from their employeur.Toutefois, qualified planner may earn by all three of these ways i.e. a combination of fees, commissions and wages.
Wages for financial planners can vary widely, from $ 18,000 to $ 1,20,000 for those entry-level planners établies.Dans a recent financial survey, certified financial planners gain medium salary of about $ 70,000 per year.
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