[caption id="attachment_1363" align="alignright" width="210" caption="My work desk and unpresented Financial Reports"][/caption]
As Financial Planners, we help our clients in developing a Financial Plan. Many people have no idea what a Financial Plan should constitute. Some of them demanded more complicating stuffs from us and disappointed on how simple it can be. Our roles are not well defined and often misunderstood.
* Financial Plan is not Rocket Science that comes with complicating formulaes. We are not Financial Engineers.
* Financial Plan is not about helping you make lots of money and to analyze all your stock holdings. We are not Financial Analyst.
* Financial Plan is not about scrutinizing every stocks in your Unit Trust and answer why was some shares selected. We are not Fund Managers.
If a Financial Plan do not help us analyze all these and let us make lots of money, then why need a Financial Plan?
I always consider myself more like a Financial Counsellor and not a Financial Professor with complicating formulaes to impress others. My role is to guide my clients in a structured way towards managing their finance and to ensure that they are disciplined enough to hit their financial goals. We are also like cheerleaders, cheering and encouraging them to be focused on their goals through our regular reviews.
So what are the considerations that we, as Financial Planners take when we construct a Financial plan? I can share 10 basic things that I do for my clients. Read more...