Financial Planner

AAA

DEFINITION of 'Financial Planner'

A qualified investment professional who helps individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve that client's goals. Financial planners specialize in tax planning, asset allocation, risk management, retirement and/or estate planning.

Also referred to as a "Registered Financial Planner," when the financial planner is registered with the Registered Financial Planner Institute (RFPI).

INVESTOPEDIA EXPLAINS 'Financial Planner'

Interview at least three financial planners before choosing the one that's right for you. Be sure to get the answers to the following questions:

1. What are your credentials?
2. Can you give me references?
3. What do you charge?
4. What is your area of expertise?
5. Will you act as my fiduciary?
6. What services can I expect?
7. How will we settle disputes?

The Certified Financial Planner (CFP) Board of Standards certifies financial planners. To check the status of a certified financial planner and for a guide to choosing the right person for you, visit the CFP Board of Standards website. Also, there are several associations to help you find a member in your area, including the Financial Planning Association (FPA) and the National Association of Financial Advisers (NAPFA).

RELATED TERMS
  1. Investment Advice

    Any recommendation or guidance that attempts to educate, inform ...
  2. Financial Adviser

    A professional who helps individuals manage their finances by ...
  3. Investment Advisor

    As defined by the Investment Advisors Act of 1940, any person ...
  4. Pro Bono

    Professional services dispensed on a voluntary basis at no cost ...
  5. Investment Advisory Representative ...

    Personnel that work for investment advisory companies whose main ...
  6. Financial Plan

    A comprehensive evaluation of an investor's current and future ...
Related Articles
  1. 5 Ways To Stretch Your Retirement Budget
    Budgeting

    5 Ways To Stretch Your Retirement Budget

  2. Do You Need A Financial Advisor?
    Personal Finance

    Do You Need A Financial Advisor?

  3. Shopping For A Financial Advisor
    Options & Futures

    Shopping For A Financial Advisor

  4. Top 4 Financial Jobs You Can Do From ...
    Entrepreneurship

    Top 4 Financial Jobs You Can Do From ...

comments powered by Disqus
Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  3. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  4. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center