What Does a Financial Planner Do?

The primary function of a financial planner is to provide financial advice or guidance to clients for a fee. Their duties range from handling investments to facilitating retirement and estate planning processes. In addition to these functions, there are a variety of other licensed financial services they can offer. For instance, they can advise you on how much you should be saving, or the whether you should make a down payment for your mortgage. These are just some of the financial aspects they can assist you with.

In most cases, a financial planner can charge an hourly rate, a flat rate for particular projects, a fee dependent on the amount of assets you need managing, or a retainer. On the other hand, they may choose to work on commission, which usually means they take a cut when you purchase certain financial products through them. They can also charge a combination of fees and combinations.

It is recommended that you inquire which standards or codes of ethics the planner you intend to hire is bound by, what qualifications they hold, whether they are a certified planner and recognized by a reputable financial planning institution.

A professional financial planner should be able gather as much information as possible and clearly define your long-term possibilities before making recommendations. You should also have a clear agreement in place before proceeding with a project. This will entail having a written plan regarding possible major moves and other significant investments. The key is to never engage in any deal you are not comfortable with.

If you are serious about securing the services of a financial planner, make sure you do your research first. Remember it is not always about the numbers. How comfortable you are with the individual should be taken into consideration.

Related Information:

What Does a Financial Planner Do?
Rate this post

Sign up for our eNewsletter

Welcome! Please input your email address in the box below to begin receiving periodic email newsletters from Assured Retirement Group. Our e-newsletter covers timely financial news and planning strategies you can put to use. You will be able to unsubscribe at any time, and this service is free. Please let us know if you enjoy receiving the email updates and if there are any topics you’d like us to cover.

You have Successfully Subscribed!

Retirement Guide Includes:

Financial Evaluation
Comprehensive financial assessment form.

Pre-Retirement Checklist
Our checklist lets you know exactly what you need and what steps must be taken before you retire.

Financial Inventory Form
Allows you to keep a detailed record of your assets in an organized manner so that your retirement options are clear.

You have Successfully Subscribed!

Schedule An Appointment:

Fill Out This Form To Get Instant Access To My Schedule! Pick A Day That Works Best For You!

You have Successfully Subscribed!

Retirement Guide Includes:

Financial Evaluation
Comprehensive financial assessment form.

Pre-Retirement Checklist
Our checklist lets you know exactly what you need and what steps must be taken before you retire.

Financial Inventory Form
Allows you to keep a detailed record of your assets in an organized manner so that your retirement options are clear.

You have Successfully Subscribed!

What We Will Cover In This Webinar

 

  • Generating Income For Life

 

 

  • Legally Maximize Social Security 

 

 

  • Minimize Stock Market Risk 

 

 

  • Ethically Reduce Taxes 

 

 

  • Disinherting Your Family by Mistake 

 

You have Successfully Subscribed!

WhyWe UseWealthGuard

WhyWe UseWealthGuard

Manage all of your accounts

Take control of your investments

Help protect your retirement

You have Successfully Subscribed!

Why We Use Wealth Guard

Manage all of your accounts

Take control of your investments

Help protect your retirement

You have Successfully Subscribed!

Let Us Help You Prepare For Retirement

Get Instant Access To Our Retirement Video Series

You have Successfully Subscribed!