By Suresh Sadagopan, CFP, India
Some people think that financial planners and advisors practicing as professionals are better than those running a business. The general view I have heard is that when someone is practicing in the profession, they are more passionate, client-centric and closer to their clients.
Continue reading Which Model is Better? Practicing Professionals vs. Full Service Firms
By Michael Kitces, CFP
It has long been a criticism of financial planning that it is focused too far up the wealth scale. Financial planning firms in the US at best only start serving the “mass affluent” (typically defined as $100,000 to $1 million in investment assets), and the elite independent firms often have minimums of one or several million dollars.
Continue reading Financial Planning For The Masses Works – As Long As You Can Really Reach The Masses!
By Taylor Liao, CFP
Every year, I have many colleagues pass the CFP examination and earn their certification. For some of them, the CFP certification is just an extra certification that they may never use. But for others who are full of passion about starting their own financial planning practice, I have written this blog with real-world knowledge and tips on getting started in the financial planning business.
Continue reading What To Do Before You Open a Financial Planning Business
By Taylor Liao, CFP
With the exception of fee-based financial planners, recommending products is a necessary part of the financial planning process. So, the question we have to ask is, “What makes us different from product salespeople?” When financial planners are deciding which product is a best fit, they are looking for a product that helps clients achieve their goals.
Continue reading Remuneration Models: Why Planners Shouldn’t Outsource Product Sales
By Suresh Sadagopan, CFP
“It is an interconnected world. What is happening in the west has a bearing on the rest. That is very evident in our line – financial planning.”
The meltdown in 2008 has resulted in regulators looking askance, at all financial service players.
Continue reading Financial Regulation: Even Eagles Need a Push
By Niraj Nanal, CFP
The Indian financial services industry has come a long way; regulators are more active, financial markets are developing, etc. But, what is the state of the most important stakeholder, financial advisors, in this whole process?
Continue reading Why Aren’t Financial Advisors Using Fee-Based Models?
By Junesoo Chang, CFP
Since the CERTIFIED FINANCIAL PLANNER mark was introduced 10 years ago in Korea, public awareness of financial planning has increased remarkably. Nowadays ‘financial planning’ is almost everyday language in mass media. I think the increased awareness is largely attributed to socio-demographic changes and economic phenomenon in this country.
Continue reading Korean Trends are Creating Opportunities for Fee-Based Planners