Role Of A Financial Planner And Why Should You Be Working With One

 A financial planner in Oakville takes record of your finances, and then devises a plan to help you reach your goals.  Certified Financial Planners can also offer investment management.

A financial planner helps you in fulfilling your current financial needs and long-term goals. That usually entails evaluating your financial condition, understanding what you wish your money to do for you and helping devise a plan to get you there. Your financial planners can also help you in reducing spend, paying off debt, saving, and investing for the future.

Financial professionals are like money doctors: some are specialists in defined areas, such as taxes or managing investments, whereas others are general practitioners, giving advice on everything from budgeting and investing to insurance and retirement planning.

Do I really need the help of a financial planner in Oakville?

Generally speaking, the more complicated your financial condition, the more expected you are to benefit from a certified financial planner.

If your finances are uncomplicated, you may consider taking a DIY route, but financial planners can give an objective perception, and use their expertise on how you should invest your wealth, what your financial priorities should be and what kind of insurance coverage and other protections you require. A certified financial planner can play a great support role particularly when you are encountered with a life changing event such as marriage, a separation or an inheritance.

Financial planners vs. financial advisors:

The main difference between financial planners and financial advisors is that “financial advisor” is a universal term that includes all advisors. A financial planner provides dedicated financial management, and generally holds a specific certificate, such as Certified Financial Planner (CFP).

That being said, there are practitioners who call themselves a financial planner without having a certificate, which is why it becomes critical to comprehend what licenses or certifications a financial professional holds prior to working with them.

Working with a financial planner:

The first meeting with a financial planner is much like a first date: it is the opportunity to get to know each other and find out if you are comfortable on a personal and tactical level. You must take this chance to find out everything you can, including how much you can anticipate to pay, how the financial plan will be presented and how often to anticipate ongoing communication. You can anticipate any professional financial planner to be in regular contact with you to guide you through your financial decision-making process.

Contact Haunn Landers & Co. now if you are looking for a financial planner in Oakville who can make a difference. We can help you achieve financial independence and well-being.