Do You Know Their Roles?

The Role of a Financial Planner/Advisor

A financial planner/advisor is professional advisor who assesses a client’s current personal and financial situation and helps the client establish short-term and long-term objectives for the purpose of developing strategies to achieve these objectives. Most planners/advisors differ in their degree of specialization and how broadly they assess a client’s current situation.

One such financial planner who operates more intensely is regarded as a financial specialist. This type of professional advisor has a general process in addition to a specialization or expertise in any one the following area:
• Tax planning;
• Investment planning;
• Insurance;
• Stocks and bonds;
• Mutual funds; and
• Estate planning.


As stated earlier a financial planner or financial specialist, role is to assess your personal and financial situation and help you establish short-term and long-term goals. Interestingly enough, as simple as this may sound many people do not have clear goals as to what is it they want to achieve in life. “IF YOU DON’T KNOW WHERE YOU ARE GOING THEN ANY ROAD WILL TAKE YOU THERE”.

In addition, there are those who refuse to delegate the financial planning process to trained professionals who are more capable of handling their financial plans.


Who needs a financial planner and why?

If you have just started working or you have just retired you need a financial planner to help you:
• Establish clear financial objectives
• Gather relevant information you may need
• Develop appropriate strategies needed to accomplish your goals
• Implement your plan
• Monitor and modify your plan when necessary and
• Document your plan


Your financial planner will work jointly with your lawyer, accountant, investment manager and any other advisor you may have. His job is to ensure that the pieces of the puzzle you have created, when put together forms the picture you need, to get where you are going.

It is time for us to understand and appreciate that we are all specialist and experts in our own respective fields and stop being our greatest obstacle between success and failure. To get where you want to go, you will need an advisor! Select yours carefully and trust their recommendations.

“He who knows and knows he knows is a wise man. But he who knows not and knows not he knows not is a fool.”


Denver Brown is a Financial Advisor/Business Development Coach/Motivational Speaker. You can Send comments to denverbrown84@yahoo.com or comment on this blog.