What Is A Financial Planner's Job Function?
A financial planner specializes in the planning aspects of finance, in particular personal finance, as contrasted with a stock broker who is generally concerned with the investments, or with a life insurance intermediary who advises on risk products.
Financial planning is usually a multi-step process, and involves considering the client's situation from all relevant angles to produce integrated solutions. The six-step financial planning process has been adopted by the International Organization for Standardization (ISO). Financial planners are also known by the title financial adviser in some countries, although these two terms are technically not synonymous, and their roles have some functional differences.
Although there are many types of "financial planners," the term is used largely to describe those who consider the entire financial picture of a client and then provide a comprehensive solution. To differentiate from the other types of financial planners, some planners may be called "comprehensive" or "holistic" financial planners.
Other financial planners may specialize in one or more areas, such as insurance planning (risk management) or retirement planning.
Financial planning is a growing industry with projected faster than average job growth through 2014.
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