A Discussion of Financial Planning and the Challenges of Modern Retirement Planning
By Cora Pettipas, Vice President and a Board of Director of the National Exempt Market Association (NEMA) in Canada
We have all dreamt of it, usually after a particularly demanding period of work. Cleaning off our desk, and departing indefinitely from the office, idealizing a permanent beach vacation (or functional equivalent). Retirement is defined as when a person ceases working voluntarily, as they have built up enough resources and income entitlements to do so. However, the new retirement will likely mean something else, whether it be partial retirement, career change, or retiring later.
Continue reading Did Debt Kill the Retirement Dream?
Jeffrey F. Kenney, FPSB Ltd. Director of Standards and Certification
The future of financial planning will be global and for many professionals it already is. To address the wants and needs of financial planners and their clients now and in the future, the Financial Planning Standards Board Ltd. (FPSB) has begun to develop a model that would allow CFP professionals to become certified in more than one territory using a standardized process.
Continue reading The Future of Financial Planning Across Borders is Already Here
By Mark DiGiovanni, CFP
Let me get this out of the way right at the beginning – in my opinion, there is only one kind of financial planner, and that’s a CERTIFIED FINANCIAL PLANNER professional. Those who are not CERTIFIED FINANCIAL PLANNER professionals, but call themselves financial planners, are attempting to be viewed as part of a profession for which they have not yet qualified.
Continue reading Financial Planning: The Right Profession for the Right Reasons
By Sunho Kim, CFP
I didn’t know anything about life insurance until I began working for a life insurance company in1986. After I did the company training course, which involved me going to the Korea Insurance Institute, I became aware of the importance of insurance, and especially life insurance.
Continue reading My Financial Planning Career Has Only One “License”: CFP Certification
By Taylor Liao, CFP
CFP certification has been in Taiwan for around 10 years, but the financial planning profession is still developing. There is one statistic that really sticks out here in Taiwan: a very low percentage of individuals who receive their CFP certification actually become financial planners. What happened to those people who spent lots of time and money studying for and passing the exam?
Continue reading How to Run a Successful Financial Planning Firm and Why So Many Others Fail
By Noel Maye, CEO, Financial Planning Standards Board
At the global meeting of Financial Planning Standards Board in Washington, D.C. last month, we released “The Global Practice of Financial Planning,” an international research report that highlights the results of a ground-breaking study on the global practice of financial planning. The research, based on a survey of 11,147 CFP professionals in 11 countries and territories, told us what tasks, knowledge and skills CFP professionals considered the most important and applicable in their everyday practices.
Continue reading How Important are Ethics and Standards? Just Ask a CFP Professional
By Junesoo Chang, CFP
In Korea, the financial planning profession is not yet widely recognized by the public. Likewise, not many Koreans distinguish financial planners from ordinary financial advisors. I think financial planning is still in its early stages here.
Continue reading The State of the Financial Planning Profession in Korea
By Mark DiGiovanni, CFP
Before I jump into the main topic, allow me to address the potential distraction of “advisor” vs. “adviser.” Both spellings are technically correct for our purposes. I prefer “advisor” for a couple of reasons. First, I feel that “advisor” conveys a certain respectability and panache that “adviser” just seems to lack. Second, my broker-dealer refers to “advisory” services, and I don’t want my clients thinking one of us can’t spell.
Back to the main topic – is there a difference between a financial planner and a financial advisor, and, if so, what might that difference be?
Continue reading How is a Financial Planner Different from an Advisor?