Role of Financial Planner
The Financial Planning services can be offered legally only by a qualified Certified Financial PlannerCM and not by any Broker, Agent, Chartered Accountant, etc.
Very simply put, a Financial Planner or a Financial Planning practitioner is like a doctor of financial matters. Just like a doctor, he too holds a professional licence to offer such services. He is known as a CFPCM or CERTIFIED FINANCIAL PLANNERCM
His responsibility is to guide us on all financial matters that have or will have an impact on our life today and in future.
His primary responsibility is to plan our financial affairs, then execute the plan and finally keep monitoring our assets lifelong for the fulfilment of all our financial objectives. This profession is just beginning to emerge in our country.
What you can expect from an authentic Financial Planner;
Interest aligned 100% to your interests
Making strategies and projections – showing you the bigger picture
Working on your matters and working in your interests and not those of institutions he/she represents
Undertakes discussions & negotiations with various entities on your behalf
Has an answer to anything you ask be it loans, credit cards, banking, book-keeping, laws, regulations, investments, equities, financial markets, real estate etc., just about anything you need to know
Be able to make a positive difference in your life
o Helping you maximise returns
o Minimise expenses and taxes
o Optimising your cashflows
o Helping you prepay your loans
o Give you advice on any area that affects your life.
Has a very good answer on anything you ask.