What Does a Financial Planner Do?

How can a financial planner help me?

The biggest way a financial planner can help you is by offering advices on a wide array of financial topics that shall help you gain a stable financial future. However, any finance-related advice requires a combination of several small components to be mentioned by you that are best described as financial details; the financial advisor Singapore expert, in return, shall either ask for a flat fee or an hourly payment. The topics that a financial planner is expected to cover (but not limited to) are:

i. Realistic procedures for setting realistic goals. ii. Initiatives that need to be taken to achieve the same. iii. The type of insurance to fit you the most. iv. Planning for your children’s higher education. v. Retirement planning. vi. Estate planning. vii. Investments to facilitate financial growths. viii. Tax exemption methods.

What will I talk about with a financial planner?

If you two grow into friends, then you may on whatever topic (college-life crushes seem an interesting one); however, on your first meeting, it’s better if you can keep your conversations curt and to the point. Therefore, give him a detailed report on your current personal and financial situations, your long- as well as short-term goals, data on your current investments (if any), any amount that you have kept separate for making an investment, your risk tolerance capacity, any debts that you may have incurred, information on your insurance, your will and of course, about any immovable property that you may be owning.

What training does a financial planner have?

If you are residing in Canada, know that there are no fixed training courses offered for the financial planners. That makes picking out a financial planner a game of chance; however, for the US, certain designations like Certified Financial Planner (CFP), Personal Financial Planner (PFP), Chartered Financial Consultant (CH.F.C) or Registered Financial Planner (RFP) are must. Still better, if the financial planners are registered under a regulatory body; you can receive an assured service that way.


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