Even The Hour newspaper broached the subject in one of its weekend polls, and most respondents thought the optimistic barrier would be reached. Explain to clients the personal financial advisor’s responsibilities and the types of services to be provided. Investigate available investment opportunities to determine compatibility with client financial plans. Meet with clients’ other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients’ financial goals and circumstances. Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
Management of Financial Resources — Determining how money will be spent to get the work done, and accounting for these expenditures. Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job. Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations. The analysis performed by our financial consultants is confidential and protected from discovery.
Concern for Others — Job requires being sensitive to others’ needs and feelings and being understanding and helpful on the job. Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems. Cooperation — Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. Adaptability/Flexibility — Job requires being open to change (positive or negative) and to considerable variety in the workplace. Financial planners can also have varied training, qualifications and experience.
Social Orientation — Job requires preferring to work with others rather than alone, and being personally connected with others on the job. Innovation — Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems. Certified Financial Planner (CFP) indicates that the holder has passed a 10-hour professional exam, has at least three years’ financial-planning experience, and has completed an approved college-level course of study or has certain professional designations or academic degrees. Planners with the Chartered Financial Consultant (ChFC) designation have their roots in insurance.
Chartered Financial Consultant (ChFC) requires at least eight college-level courses in all aspects of financial planning and 30 hours of continuing education every two years. Certified Public Accountant/Personal Financial Specialist (CPA/PFS) is a CPA with specialized training. NAPFA-Registered Financial Advisor means the holder meets the strict educational and professional requirements for membership in the National Association of Personal Financial Advisors, an organization for fee-only planners.