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Differentiating Characteristics of Financial Planning

Jae young Yang - CFP Koreaby Jaeyoung Yang, CFP

I would define a financial planner as a professional who assists their clients and their clients’ families in living a rewarding and fulfilling life without financial difficulty and conflicts. Unlike other professionals, financial planners perform the job of planning lives. Specifically, what values and characteristics differentiate financial planners from other professionals?

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Economic Benefits from Financial Planning, Part II

By Joel Redmond, CFP

In a previous article, we looked at the potential impact of financial planning on a nation’s GDP. Here are a few follow-up questions: What impact does financial planning have on the total cash flows of an entire nation? How is this impact divided between the component cash flows of GDP? How does a change in one part of GDP impact the other parts?

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Professionals Use Fee-Based Models

By Almo Lubowski, CFP

Many believe that in order to be a professional financial planner, one needs to shift towards a fee-based model within one’s practice, with a clear distinction between the provision of financial advice and the sale of products being drawn. Perhaps the word “fee” is also a bit deceptive in the financial planning profession; some say that the term “advisor charging” is more appropriate.

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Clientele Networks and the Triple Win

Daehong Kwon, CFP, KoreaBy Daehong Kwon, CFP

I seek to be a professional financial planner, but still have a long way to go before claiming with confidence that I have done everything to reach that level. For now, I am striving to be the best, irreplaceable financial planner to my clients I am servicing, and, at the same time, I am observing excellent financial planners around me to learn from them.

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How to Connect with Clients Better

By Taylor Liao, CFP

What is the key to being a competent financial planner: skills, knowledge or something else? The answer may not be how professional one acts or how amazing their presentation is: thick stacks of paper with fancy drawings that deliver the perfect solution for the clients every time.

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From the Ice Age to the Internet Age

Mukesh Dedhia, CFP, IndiaBy Mukesh Dedhia, CFP

“Change is the law of life and those who look only to the past or present are certain to miss the future.”- John Kennedy

We humans have really come a long way from the Ice Age to the Internet Age. The internet was introduced in the year 1994 and after that there was no looking back for the business sector to make the efficient and effective use of ‘IT’.

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Traits of a Professional: Time for Financial Planners to Change

By Niraj Nanal, CFP

The dictionary meaning of the word professional is 1) of or belonging to a profession 2) doing something as a job rather than as a hobby and/or 3) competent. The meaning signifies many things about how a professional operates. In the normal course of life, we come across many professionals such as doctors, lawyers, chartered accountants etc.

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Professionals vs. People in the Financial Services Business

By Mark DiGiovanni, CFP

In its summer 2005 issue, the American Academy of Arts and Sciences published a piece in its journal Daedalus titled “The Professions in America Today: Crucial but Fragile.” The article offered this definition of a profession:

Generically, professions consist of individuals who are given a certain amount of prestige and autonomy in return for performing for society a set of services in a disinterested way.

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