What do financial planners do?
True financial planning takes a holistic approach to your money. A true financial planner will look at every financial detail of your life and put it all together in one picture. By looking at that picture the planner will be able to determine if you have financial weaknesses that need to be corrected. After looking at your complete financial picture, the planner will help you chart a course of action to correct any problems and begin achieving your financial goals. There are different types of financial advisers There is no specific legal requirement that must be met before a person can call himself a “financial planner”. As a result, the financial planning profession includes many competing and confusing titles and names. Regardless of title, financial planners are compensated in one of three ways: Fee-only Commission Fee + commission Fee-only planners usually charge by the hour for their advice or charge a flat fee for a package of services. Sometimes a fee-only planner will charge
