Financial Planner

Scope

Finance
Financial markets Bond market Commodity market Derivatives market Foreign exchange market Money market Over the counter Private equity Real estate Spot market Stock market Financial market participants: Investor and speculator Institutional and retail
Financial instruments Cash: Deposit Derivative Exotic option Futures contract Loan Option (call or put) Security Stock Time deposit or certificate of deposit
Corporate finance Accountancy Audit Capital budgeting Credit rating agency Financial risk management Financial statement Leveraged buyout Mergers and acquisitions Structured finance Venture capital
Personal finance Credit and debt Employment contract Financial planning Retirement Student financial aid in the United States
Public finance Government spending: Government final consumption expenditure Government operations Redistribution of wealth Transfer payment Government revenue: Taxation Deficit spending Government budget Government budget deficit Government debt Non-tax revenue Warrant of payment
Banks and banking Central bank Deposit account Fractional reserve banking Lists of banks Loan Money supply
Financial regulation Professional certification in financial services Accounting scandals
Standards ISO 31000 International Financial Reporting Standards
Economic history History of private equity and venture capital Recession Stock market bubble Stock market crash

Financial planning should cover all areas of the client’s financial needs and should result in the achievement of each of the client's goals. The scope of planning would usually include the following:

Risk Management and Insurance Planning: Managing cash flow risks through sound risk management and insurance techniques
Investment and Planning Issues: Planning, creating and managing capital accumulation to generate future capital and cash flows for reinvestment and spending, including managing for risk-adjusted returns and to deal with inflation
Retirement Planning: Planning to ensure financial independence at retirement including 401Ks, IRAs etc.
Tax Planning: Planning for the reduction of tax liabilities and the freeing-up of cash flows for other purposes
Estate Planning: Planning for the creation, accumulation, conservation and distribution of assets
Cash Flow and Liability Management: Maintaining and enhancing personal cash flows through debt and lifestyle management
Relationship Management: Moving beyond pure product selling to understand and service the core needs of the client
Education Planning for kids and the family members

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Financial Planner - Scope

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