|
|||
 Loading ... |
Get Social:
Welcome to the global gathering place for the financial planning profession
Because the financial planning industry is only 10 years old in Korea, the first generation of financial planners is still in the stages of studying, learning, and growing. Hopefully, in the next 10 years, we will see more progress and have wisdom to pass on to financial planners who are just getting started. Continue reading Practice Knowledge For Financial Planners Who Are Just Getting Started
Recently, disclosure designed to protect investors and financial consumers has been emerging as an important issue in the Korean financial community. In a narrow sense, disclosure involves signing forms and marking investment types. Continue reading Disclosing Information: Financial Planners Balance Financial Institutions & Clients
The FPA in Australia reports that CFP professionals account for over 35% of the planner population but less than 2% of ASIC enforcement activity. This correlation is pleasantly surprising, but it doesn’t prove that CFP professionals have done everything they can for financial consumer protection. Continue reading Financial Consumer Protection: Changing Our Perspective
A financial plan is the main outcome of a CFP professional‘s services. CFP professionals pay attention to the financial plan’s quality and quantity, to ensure their value is recognized by the client.Some plans end up being the size of a small book, having tables, figures, statistics, references, and appendices in them. Continue reading How To Write Effective Financial Plans
The KISS (Keep It Simple, Stupid!) rule is a communication strategy used in advertising. The philosophy of the KISS rule in advertising is to encourage people to make a purchase with direct, simple messages that are easily understood. Most well-known speakers use this rule to make their messages clear and moving. Continue reading KISS Rule: Keep It Simple Planners!
The more advanced financial markets become, the more complex financial products and services tend to get. In South Korea, the financial industry and capital markets have been making a lot of progress in the past few years. In the environment of low interest and growth rates, investors have a hard time finding palatable financial products. Continue reading Simple Financial Products Are Better. Period.
South Korea’s suitability principle was established by the Financial Investment Services and Capital Markets Act, which was enacted in August 2007, and implemented in February 2009. The new principle calls for investors to be classified into ordinary or professional investors, and requires that investment recommendations are deemed suitable for an ordinary investor in light of his or her investment purpose, status of property and experience. Continue reading The Evolution of Suitability Principles
Every financial planner has their own criteria for classifying clients, such as age, profession, wealth, etc. Some financial planners only work with certain groups of people such as doctors, CEOs, unmarried women, or retirees, while others work for anyone and everyone. Continue reading The Benefits of Client Segmentation |
||
|
|
|||
By Daehong Kwon, CFP
By Sunho Kim, CFP
By Jaeyoung Yang, CFP
By Daehong Kwon, CFP