Who Needs a Financial Planner?

Financial Planner

A common misconception is that only people with a high net worth need a certified financial planner. This is far from the truth. Whether you are in need of financial guidance or already have a few ducks in a row, most people can benefit from having a professional financial planner. Now that you know you need one, how can a financial planner help you?


Recognition of Expertise

A financial planner’s recognition of expertise includes many basics of your life involving money. This includes: taxes, investments, work benefits, insurance, retirement and many other things as well. 



To become a certified financial planner, the individuals must pass a board exam, have a certain amount of experience, and have met ethical requirements through an extensive background check to sustain this profession. Annual education programs have to be taken to further benefit their skills.



A professional financial planner is a fiduciary. An individual who is a fiduciary is legally bound to act in the client’s best interest in mind. A fiduciary duty is obligated to act solely in the interest of the other party as a legal duty.


Types of Financial Planners

There are several different types of financial planners that focus on different aspects of financial needs. Some may manage a portfolio of assets, some may work on comprehensive planning, some may not work with money at all. 


Say that you need an accountability partner when it comes to your money, and you need a strategy for getting out of debt. A certified financial planner would be the one you’d need for the job. Setting up a follow-up meeting with your planner will help you stay on track and accomplish your goals. 


What if you get a new job? Where would your previous 401K go? Your professional planner can answer all of your questions! Speaking of jobs, it’s never too early to save for retirement. If you don’t have a financial background, ask your planner to help.


If you need help with your insurance needs or how much you should get in insurance, a financial planner will have the knowledge to help you. Also, if you are struggling to pay student loans or credit card debt, your professional planner can help you pay your bills and save for your future at the same time.