Home » What Is a Financial Planner, and Do You Need One?

What Is a Financial Planner, and Do You Need One?

What Is a Financial Planner, and Do You Need One?

What Is a Financial Planner, and Do You Need One?


If you’ve got a hard-earned nest egg, it’s time to start thinking about protecting it. Having enough money in the bank is important because you’ll have an easier time making ends meet if your savings account is full of cash. A financial planner can help you budget and save money, but they’re not just there to give you advice. They also provide specific services based on your needs. Here are some things to consider when searching for a financial planner:

A financial planner helps you budget, save, and invest.

A financial planner can help you set goals and plan for the future. They’ll help you save for retirement, or even just a rainy day in case something unexpected happens.

A financial planner will also help you invest your money in a way that is suitable for you. For example, if someone wants to start an online business with the goal of earning passive income (money from doing nothing), they may want to use an online investing platform like Personal Capital or Betterment instead of traditional brokerages like TD Ameritrade or Fidelity.

Financial planners provide different services based on the complexity of your needs.

Financial planners can provide different services based on the complexity of your needs. Some financial planners specialize in basic financial planning, but many have backgrounds in investments, retirement planning, estate planning, and other areas.

The most common type of service provided by a financial planner is basic financial planning or budgeting services. These services are for individuals who don’t have complex portfolios yet but want to start thinking about their future goals and targets. A typical person will likely be happy with this level of service if they just want some advice on how much money they should save each month or if they need guidance with setting up an emergency fund or paying down debt faster than they currently are doing. So, it doesn’t eat into their savings rate too much over time (which could cause them problems later).

Not all financial planners are the same.

Not all financial planners are the same. Each one has his or her own style and approach to helping you plan your finances. But there are a few things you should keep in mind when searching for a planner who’s right for you:

  • Find someone with the right qualifications. A good financial planner will have an accredited degree in finance, economics and/or business management, as well as experience working with clients like yourself. If they don’t have formal training, ask them if they’ve taken classes on how to do their job effectively. Make sure they’re willing to share those materials with you!
  • Check out their experience level. Make sure that whoever it is who’ll be working closely with your money has plenty of hands-on time under their belt so that whatever advice he or she gives comes from personal experience rather than just theory alone (which could lead him/her into making some bad decisions). This can also help prevent any ethical violations due to conflicts of interest later down the road. If someone has too much sway over what happens next because he/she’s been paid handsomely by another company before then maybe think twice before trusting him/her completely…

You can talk to a financial planner over the phone.

You can also talk to a financial planner over the phone. The benefit of this option is that you don’t have to be limited by time or location, but it does come with some potential downsides:

  • Financial planners aren’t always available in person. So if you don’t get through and ask for their number again later on (which could happen), there’s no guarantee they’ll call back.
  • Phone calls are confidential unless you tell them otherwise—and even then, they may not share any information about your account(s). This means that sometimes it’s hard to get answers without feeling like someone is reading over your shoulder while talking with them!

Talking to a planner gets easier when you write down your questions beforehand.

When you talk to a financial planner, it’s helpful to write down your questions before the appointment. This will help ensure that you don’t forget anything important or blurt out the wrong thing during the meeting. When writing down what you want to know, make sure that each topic has its own section on paper. So, there are no gaps in your list of questions. For example, if one of your main concerns is retirement planning and saving for college in 20 years time (two big things!), then write them separately under different headings like “retirement planning” and “saving for college.” Then add any other thoughts or questions related to these topics. This will keep things organized while also making it easier for someone else to read through them later on!

Only go with a financial planner that gives you advice for a fee, not for commissions.

If you want to be sure your financial planner is giving you advice for a fee and not just because they’re trying to sell you something, ask them upfront. You should also make sure that they have done the research on what’s best for your situation. Some planners do this at no cost or only charge a small fee based on their fees. Finally, don’t be afraid to check out their qualifications and experience. You can always look up an individual’s credentials online (and even request references).

If all else fails, ask around! There are plenty of great financial planning firms in every state. They will work with individuals like yourself looking for assistance with their money matters.

A financial planner can help you understand and work toward your goals more efficiently.

A financial planner can help you understand and work toward your goals more efficiently. They are not the same as personal finance bloggers, who give advice on how to save money or pay off debt. A financial planner will work with you to set goals, develop a plan of action, and then monitor progress toward those goals—all while keeping an eye on the big picture (like retirement) as well.

Financial planners also have access to specialized tools that allow them to analyze data from all areas of life: their clients’ finances; their health; their relationships; even their relationships with other people (like family members). They’ll put this information together into an organized plan that may include specific actions like saving more money or paying off debt faster than usual!


So there you have it: a financial planner can help you manage your finances and make them work for you. They’ll give you advice, offer guidance, and even do some of the work for you. So, you can focus on other parts of your life instead. In short, these professionals are highly trained experts who know how to get things done. And thanks to their expertise, they can help guide people through some of life’s most difficult challenges—such as balancing work with family obligations or saving money while still enjoying the good things in life like travel or retirement planning—without having to worry about any of the details themselves!

Read More An Introduction to Financial Discipline and Its Benefits


0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x