The Financial Planner’s job is to provide financial planning advice and services to clients. Financial planning is a key service provided through many sectors of the financial services industry. Some Financial Planners may also be licensed to sell insurance, mutual funds, or other securities. Some may work on a commission-based basis while others work on a fee-only basis, and still, others may have a combination of both. Banks and investment dealers also employ Financial Planners to provide financial planning advice and aid the work of their Investment Advisors and Representatives who deal directly with clients. Success requires strong technical competence in all areas of financial planning, as well as a good working knowledge of estate planning, tax and family law. Most importantly, a Financial Planner must be able to communicate effectively, particularly when dealing with the complex needs of high-net-worth individuals and businesses.
Earning potential can potentially exceed the maximum stated based on commission and fees for the individual Investment Advisor’s performance and place of employment.
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Below are the courses and credentials required and/or recommended for this career.