FPI. Financial Planning Institute of Southern Africa SETTING THE STANDARD. Your Guide to Financial security

Size: px
Start display at page:

Download "FPI. Financial Planning Institute of Southern Africa SETTING THE STANDARD. Your Guide to Financial security"

Transcription

1 FPI FPI Financial Planning Institute of Southern Africa SETTING THE STANDARD Your Guide to Financial security 1

2 The global symbol of achievement CFP Certification Global excellence in financial planning The global symbol of excellence in financial planning CFP certification is the only globally recognised mark of professionalism for financial planners. When seeking objective, expert and trusted financial planning advice you should always look for the CFP mark. To achieve the best financial planning results, call CFP professional. To achieve the best financial planning results, call a CFP professional. For more information on finding a CFP professional, near log onto you call or call FPI (374). CFP, CERTIFIED FINANCIAL PLANNER TM and and are are certification marks marks owned owned outside outside the U.S. the U.S. by Financial by Financial Planning Planning Standards Standards Board Ltd. Board Financial Ltd. Financial Planning Association Planning Institute of Australia of South Limited Africa is the is the marks marks licensing authority for for the the CFP CFP Marks Marks in Australia, in South through Africa, through agreement agreement with FPSB. with FPSB. The CFP professional designation is registered for the FPI SA by SAQA on the National Qualifications Framework (NQF), ID number What is Financial Planning? Financial planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a home, saving for your child s education or planning for retirement. The financial planning process consists of six steps that help you take a big picture look at where you are financially. Using these six steps, you can work out where you are now, what you may need in the future and what you must do to reach your goals. The process involves gathering relevant financial information, setting life goals, examining your current financial status and coming up with a strategy or plan for how you can meet your goals given your current situation and future plans and reviewing this on an ongoing basis. The The global global symbol symbol of of achievement The The global global symbol symbol of of excellence in financial financial planning planning CFP certification is the only globally recognised mark of professionalism for financial planners. When seeking objective, expert and trusted financial planning advice you should always look for the CFP mark. To achieve the best financial planning results, call a CFP professional. CFP CFP certification is the is the only only globally globally recognised mark mark of professionalism for financial for financial planners. planners. When When seeking seeking objective, objective, expert expert and and trusted trusted financial financial planning planning advice advice you you should should always always look look for the for the CFP CFP mark. mark. To achieve To achieve the the best best financial financial planning planning results, results, call call CFP CFP professional. To achieve To achieve the the best best financial financial planning planning results, results, call call a CFP a CFP professional. For more For more information on finding on finding a CFP a CFP professional, near log near onto log you onto you call call or 999. call or call FPI (374). FPI (374). For more information on finding a CFP professional, log onto or call FPI (374). CFP Certification Global excellence in financial planning 2 CFP, CERTIFIED FINANCIAL PLANNER and CFP are certification marks owned outside the U.S. by Financial Planning Standards Board CFP Ltd. CFP Financial Certification Planning Global Global Institute excellence of in financial planning South Africa is the marks licensing authority for the CFP Marks in South Africa, through agreement with FPSB. The CFP professional designation is registered for the FPI CFP, CFP CERTIFIED FINANCIAL PLANNER TM and and, CERTIFIED FINANCIAL PLANNER TM and and SA by SAQA on the National Qualifications Framework (NQF), ID number Marks Marks in Australia, in Australia, through through agreement agreement with FPSB. with FPSB. are are are are certification marks marks marks owned marks owned owned outside owned outside the outside U.S. the the by U.S. the Financial by U.S. by Financial by Planning Financial Planning Planning Standards Planning Standards Standards Board Standards Board Ltd. Board Financial Ltd. Board Ltd. Financial Financial Planning Ltd. Financial Planning Association Planning Association Planning Institute of Institute Australia of of Australia South of Limited South Africa Limited is Africa the is the is marks the is marks the marks marks licensing licensing authority authority for for the for the CFP for the the CFP CFP Marks CFP Marks in South in South Africa, Africa, through through agreement agreement with FPSB. with FPSB. The CFP The professional CFP professional designation designation is registered registered for the for FPI the FPI SA by SA SAQA by SAQA on the on National the National Qualifications Qualifications Framework Framework (NQF), (NQF), ID number ID number

3 Your Guide to Financial security Can you do your own Financial Planning? Some personal finance software packages, magazines or self-help books can help you do your own financial planning. However, you may decide to seek help from a professional Financial Planner if: You need expertise you don t possess in certain areas of your finances. For example, a Financial Planner can help you evaluate the level of risk in your investment portfolio or adjust your retirement plan due to changing family circumstances. You want to get a professional opinion about the financial plan you developed for yourself. You don t feel you have the time to spare to do your own financial planning. You have an immediate need or unexpected life event such as a birth, inheritance or major illness. You feel that a professional Financial Planner could help you improve on how you are currently managing your finances. You know that you need to improve your current financial situation but don t know where to start. What is a Financial Planner? A professional Financial Planner is a trusted advisor who works with you to review all of your options so that you can make informed decisions about your financial situation at every stage in life. By meeting rigorous international competency, ethical and professional practice standards, a Financial Planner is qualified to deliver integrated financial solutions that allow you to take control of your finances and achieve your life goals. The best financial planning results come from working with an FPI-accredited financial planning professional. 3

4 The financial planning process consists of the following six steps: Establishing and Defining a Professional Relationship The Financial Planner should clearly explain or document the services to be provided to you and define both his/her and your responsibilities. The Financial Planner should also explain fully how he/she will be paid and by whom. You and the Financial Planner should agree on how long the professional relationship should last and on how decisions will be made. Gathering data, including goals The Financial Planner should ask for information about your financial situation. You and the Financial Planner should mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. The Financial Planner should gather all the necessary documents before giving you the advice you need. Analysing and evaluating your financial status The Financial Planner should analyse your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analysing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies. Developing and presenting financial planning recommendations and/or alternatives The Financial Planner should offer financial planning recommendations that address your goals, based on the information you provide. The Financial Planner should go over the recommendations with you to help you understand them so that you can make informed decisions. The Financial Planner should also listen to your concerns and revise the recommendations as appropriate. Implementing the financial planning recommendations You and the Financial Planner should agree on how the recommendations will be carried out. The Financial Planner may carry out the recommendations or serve as your coach, co-ordinating the whole process with you and other professionals such as attorneys or stockbrokers. Monitoring the financial planning recommendations You and the Financial Planner should agree on who will monitor your progress towards your goals. If the Financial Planner is in charge of the process, he/she should report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes. 4

5 Your Guide to Financial security How to make financial planning work for you You are the focus of the financial planning process. As such, the results you get from working with a Financial Planner are as much your responsibility as they are those of the Financial Planner. To achieve the best results from your financial planning engagement, you will need to consider the following advice: Set measurable financial goals Set specific targets of what you want to achieve and when you want to achieve results. For example, instead of saying you want to be comfortable when you retire or that you want your children to attend good schools, you need to quantify what comfortable and good mean so that you ll know when you ve reached your goals. Understand the effect of each financial decision Each financial decision you make can affect several other areas of your life. For example, an investment decision may have tax consequences that are harmful to your estate plans. Or a decision about your child s education may affect when and how you meet your retirement goals. Remember that all of your financial decisions are interrelated. Re-evaluate your financial situation periodically Financial planning is a dynamic process. Your financial goals may change over the years due to changes in your lifestyle or circumstances, such as an inheritance, marriage, birth, house purchase or change of job status. Revisit and revise your financial plan as time goes by to reflect these changes so that you stay on track with your financial goals. Start planning as soon as you can Don t delay your financial planning. People who save or invest small amounts of money early and often, tend to do better than those who wait until later in life. Similarly, by developing good financial planning habits such as saving, budgeting, investing and regularly reviewing your finances early in life, you will be better prepared to meet life changes and handle emergencies. Be realistic in your expectations Financial planning is a common sense approach to managing your finances to reach your life goals. It cannot change your situation overnight; it is a lifelong process. Remember that events beyond your control such as inflation or changes in the stock market or interest rates will affect your financial planning results. Realise that you are in charge If you re working with a Financial Planner, be sure you understand the financial planning process and what the Financial Planner should be doing. Provide the Financial Planner with all of the relevant information on your financial situation. Ask questions about the recommendations offered to you and play an active role in decision-making. 5

6 10 questions you should ask a Financial Planner 1. What are your qualifications? 2. How are you paid (fees or commission) and explain? 3. Do you belong to a professional body - if yes which one? 4. How many years experience do you have in giving advice? 5. Do you have any references? 6. Are you a licensed Financial Services Provider (FSP), what is your FSP number? 7. What products are your authorised to give advice on? 8. What after sales back-up do you provide? 9. What can I do if I am dissatisfied with your services? 10. Which product providers do you support? How can we help you? The Financial Planning Institute of Southern Africa (FPI) is the only professional body for Financial Planners in South Africa with accredited qualifications and programmes to certify professionally qualified Financial Planners. Our members subscribe to a strict Code of Conduct and Professional Responsibility. Our members are also required to maintain their knowledge to ensure you are given the best advice. The highest professional membership level is the CFP /Certified Financial Planner designation. We take the responsibility to protect South African financial services consumers very seriously - it is our primary objective. Unfortunately, mismanagement, misrepresentation and mis-selling by financial intermediaries and companies continues in the financial services sector despite the good work being done by the Financial Services Board (FSB) and other industry role players. These unethical practises continue to undermine consumer confidence in the sector as well as putting their financial futures at risk. Working with the right Financial Planner can be an extremely rewarding and valuable experience for you and your family. Let us put you in touch with a Financial Planner who is accredited with us. Visit our Consumer section on where you can learn more and Find a Financial Planner. Plan Your Financial Future...speak to an FPI-accredited Financial Planner. CFP, CERTIFIED FINANCIAL PLANNER and are trademarks owned outside the U.S. by Financial Planning Standards Board Ltd. The Financial Planning Institute of Southern Africa is the marks licensing authority for the CFP Marks in South Africa through agreement with FPSB. 6

7 Your Guide to Financial security 30 Years of Excellence in Financial Planning About the FPI The Financial Planning Institute of Southern Africa (FPI) is a non-profit professional body formed in 1981 as the Institute of Life and Pension Advisors (ILPA) to improve levels of professionalism. Today, we are regarded as the premier independent professional body for financial planners in South Africa. Through our global partnership with FPSB, along with other over 20 other countries, we are the only institution in Southern Africa able to offer the CFP certification. Living in a global village means ensuring that local practices are aligned to global standards. To ensure that Financial Planners in South Africa met international standards, in 1998 we affiliated with the Certified Financial Planner Board of Standards Inc. in the United States, in April 2000 adopted our new name (Financial Planning Institute of Southern Africa) and were a founding member of the international Financial Planning Standards Board Ltd. (FPSB). The CFP mark asserts that the financial planning professional has met appropriate competency, ethics and professional practice standards to provide comprehensive personal financial planning services to clients. In addition to the CFP mark, we also have two local trade mark levels of membership: Associate Financial Planner /AFP and Registered Financial Planner /RFP. We are uncompromising in establishing and maintaining professional financial planning standards in Southern Africa and play a major role in ensuring that the public has access to competent Financial Planners who are professionally qualified, are experienced and have agreed to abide by our Code of Conduct, Ethics and Practice Standards. Many top financial institutions have adopted us as an independent standards partner and our members include both general practitioners and specialists in particular branches of financial planning marks the 30th year that FPI has been in existence as the professional body for financial planners in South Africa. When considering the first ILPA examinations offered in the early 80 s to the current qualifications, competency levels and professionalism as well as the evolution of the financial services industry, we can be proud of our professional Financial Planners for their commitment to the journey to becoming a recognised and respected profession thereby serving the consumers best interests. 7

8 Financial Planning Institute of Southern Africa Palms Office Court, Block A, Ground Floor, Kudu Avenue, Allen s Nek PO Box 6493, Weltevredenpark, 1715 Tel: FPI (374) fpi@fpimail.co.za

What you should know about Financial Planning

What you should know about Financial Planning What you should know about Financial Planning The Financial Planning Process and its benefits You may have come across the term financial planning and wondered what it means. You may have decided to start

More information

What You Should Know A B O U T F INANCIAL P LANNING

What You Should Know A B O U T F INANCIAL P LANNING What You Should Know A B O U T F INANCIAL P LANNING You may have come across the term financial planning recently and wondered what it means. You may have decided to start your own financial plan but you

More information

Get more out of life with a financial plan

Get more out of life with a financial plan Get more out of life with a financial plan There are more benefits to having a financial plan than you may realise. A comprehensive financial plan can help you: Balance today s needs with your goals for

More information

Foreword. Godfrey Nti Chief Executive Officer. FPI Strategic Plan: A Path to 2015

Foreword. Godfrey Nti Chief Executive Officer. FPI Strategic Plan: A Path to 2015 Foreword As the pre-eminent standards-setting body for competent and ethical financial planners, Financial Planning Institute benefits the public by creating and upholding rigorous professional standards

More information

Student Brochure. FPI Student Brochure

Student Brochure. FPI Student Brochure Student Brochure 1 Vision Professional financial planning for all. Our Mission The FPI s mission is to advance and promote the pre-eminence and status of financial planning professionals, while at all

More information

PERSONAL FINANCIAL PLANNING

PERSONAL FINANCIAL PLANNING PERSONAL FINANCIAL PLANNING A GUIDE TO STARTING YOUR PERSONAL FINANCIAL PLAN THE CERTIFICATION TRADEMARK ABOVE IS OWNED BY CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. IN THE UNITED STATES AND

More information

Financial Planning. Take the next step.

Financial Planning. Take the next step. Financial Planning Step by Step Take the next step. With every baby born, mortgage mulled over and education anticipated. With every retirement dreamed of, with every eventuality hopefully accounted for.

More information

Financial Planner Competency Profile

Financial Planner Competency Profile Planner Competency Profile 1 Vision Professional financial planning for all. Our Mission The FPI s mission is to advance and promote the pre-eminence and status of financial planning professionals, while

More information

Financial Planning. Step by Step. Take the next step.

Financial Planning. Step by Step. Take the next step. Financial Planning Step by Step Take the next step. With every baby born, mortgage mulled over and education anticipated. With every retirement dreamed of, with every eventuality hopefully accounted for.

More information

Financial Planning Curriculum Framework

Financial Planning Curriculum Framework Financial Planning Curriculum Framework 1 Vision Professional financial planning for all. Our Mission The FPI s mission is to advance and promote the pre-eminence and status of financial planning professionals,

More information

How To Become A Financial Planner

How To Become A Financial Planner A career in financial planning Your questions answered Why consider financial planning as a career? As a financial planner you will be part of one of Australia s most dynamic and fastest growing professions.

More information

ALL YOU NEED TO KNOW ABOUT CHOOSING A FINANCIAL PLANNER

ALL YOU NEED TO KNOW ABOUT CHOOSING A FINANCIAL PLANNER ALL YOU NEED TO KNOW ABOUT CHOOSING A FINANCIAL PLANNER CHOOSING THE RIGHT FINANCIAL ADVICE Making the right decisions about your financial situation has never been more important. Knowing who to turn

More information

Value Proposition for Fpi Professional Designations

Value Proposition for Fpi Professional Designations 2015 Value Proposition for Fpi Professional Designations www.fpi.co.za Be part of a community of professionals As a certified member of a recognised professional body, you will join a strong network of

More information

How a Financial Planner Can Help You

How a Financial Planner Can Help You How a Financial Planner Can Help You FAMILY PLANNING EDUCATION INVESTMENT RETIREMENT SAVING EQUITY FAMILY PLANNING EDUCATION INVESTMENT RETIREMENT SAVING EQUITY FAMILY PLANNING EDUCATION INVESTMENT RETIREMENT

More information

How a Financial Planner Can Help You and How to Choose the Right One

How a Financial Planner Can Help You and How to Choose the Right One How a Financial Planner Can Help You and How to Choose the Right One The Financial Planning Association (FPA ) is the largest membership organization for personal financial planning experts in the U.S.

More information

WHY you should. choose a. CERTIFIED FINANCIAL PLANNER TM practitioner

WHY you should. choose a. CERTIFIED FINANCIAL PLANNER TM practitioner WHY you should choose a CERTIFIED FINANCIAL PLANNER TM practitioner Choosing a financial planner may be one of the most important decisions you make for yourself and your loved ones. Financial planners

More information

you know you need financial advice but who do you turn to?

you know you need financial advice but who do you turn to? you know you need financial advice but who do you turn to? As financial affairs become more and more complicated, so the need for professional advice grows. It is a fundamental principle that the earlier

More information

Failure to implement a plan Failure to begin planning early Failure to organize financial records Failure to be informed and involved

Failure to implement a plan Failure to begin planning early Failure to organize financial records Failure to be informed and involved WHAT IS FINANCIAL PLANNING? Think of financial planning as a road map, a way to get from here to there in a designated time with the fewest detours and potholes. You undoubtedly have specific life goals,

More information

How To Make Your Financial Plan CPA Strong. Tax Relief and Investment Incentives for Your Small Business

How To Make Your Financial Plan CPA Strong. Tax Relief and Investment Incentives for Your Small Business How To Make Your Financial Plan CPA Strong Tax Relief and Investment Incentives for Your Small Business Why Work With a CPA Personal Financial Specialist? All financial planners are not created equal.

More information

a Financial Planner Can Help You and How to Right One

a Financial Planner Can Help You and How to Right One How a Financial Planner Can Help You... and How to Choose the Right One The Financial Planning Association (FPA) is the membership organization for the financial planning community. Its members are dedicated

More information

FPSB Strategic Plan. Practice Standards. April 2008 Financial Planning. CFP Certification Global excellence in financial planning TM

FPSB Strategic Plan. Practice Standards. April 2008 Financial Planning. CFP Certification Global excellence in financial planning TM FPSB Strategic Plan April 2008 Financial Planning Practice Standards CFP Certification Global excellence in financial planning TM MISSION STATEMENT Financial Planning Standards Board Ltd. (FPSB) benefits

More information

FPSB Strategic Plan. Competency Profile. April 2008 Financial Planner. CFP Certification Global excellence in financial planning TM

FPSB Strategic Plan. Competency Profile. April 2008 Financial Planner. CFP Certification Global excellence in financial planning TM FPSB Strategic Plan April 2008 Financial Planner Competency Profile CFP Certification Global excellence in financial planning TM MISSION STATEMENT Financial Planning Standards Board Ltd. (FPSB) benefits

More information

Social Security & Retirement Fund Reform in South Africa

Social Security & Retirement Fund Reform in South Africa Social Security & Retirement Fund Reform in South Africa The Financial Planning Institute of Southern Africa s Position Paper November 2007 Financial Planning Institute of Southern Africa (FPI) Technical

More information

PLANNING MATTERS. New Tax Measures for Families Introduced. Quarterly Financial Planning Newsletter from Coleman Wealth

PLANNING MATTERS. New Tax Measures for Families Introduced. Quarterly Financial Planning Newsletter from Coleman Wealth PLANNING MATTERS Quarterly Financial Planning Newsletter from Coleman Wealth Fall 2014-1 st Edition Welcome to Planning Matters, the Coleman Wealth Financial Planning Newsletter! We developed our new financial

More information

Plan on reaching your financial goals

Plan on reaching your financial goals Work with a CERTIFIED FINANCIAL PLANNER TM professional Plan on reaching your financial goals Let a CFP professional be your trusted guide As an investor, you have short- and long-term goals you would

More information

Why You Should Choose

Why You Should Choose Why You Should Choose A CERTIFIED FINANCIAL PLANNER PRACTITIONER CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. Choosing a financial planner may be one of the most important decisions you make for

More information

How a Financial Planner Can Help You. and How to Choose the Right One

How a Financial Planner Can Help You. and How to Choose the Right One How a Financial Planner Can Help You and How to Choose the Right One The Financial Planning Association (FPA ) connects those who need, support and deliver financial planning. We believe that everyone

More information

Financial Planning: An Emerging Career in the Financial Services

Financial Planning: An Emerging Career in the Financial Services Financial Planning: An Emerging Career in the Financial Services Presented By: Financial Planning Standards Board India (FPSB India) 702, 7th Floor, Leela Business Park, Andheri-Kurla Road, Andheri East,

More information

How To Make Your Financial Plan CPA Strong

How To Make Your Financial Plan CPA Strong How To Make Your Financial Plan CPA Strong Why Work With a CPA Financial Planner? Because the person who does your financial planning must also underst the complexities of your tax situation. The road

More information

Discover TD Waterhouse. Investment and wealth management for every stage of your life

Discover TD Waterhouse. Investment and wealth management for every stage of your life Discover TD Waterhouse Investment and wealth management for every stage of your life Welcome to TD Waterhouse Everyone at TD Waterhouse* is committed to helping you reach your financial goals. Whether

More information

CFP Certification Global excellence in financial planning

CFP Certification Global excellence in financial planning CFP Certification Global excellence in financial planning VISION STATEMENT To establish financial planning as a recognized profession through the promotion of excellence in financial planning for the benefit

More information

ALL YOU NEED TO KNOW ABOUT CHOOSING A FINANCIAL PLANNER

ALL YOU NEED TO KNOW ABOUT CHOOSING A FINANCIAL PLANNER ALL YOU NEED TO KNOW ABOUT CHOOSING A FINANCIAL PLANNER CHOOSING THE RIGHT F I N A N C I A L A DV I C E Making the right decisions about your financial situation has never been more important. Knowing

More information

FPSB Strategic Plan. Bodies Developing a Financial Plan Case Study. April 2008 Guidance for Certifying

FPSB Strategic Plan. Bodies Developing a Financial Plan Case Study. April 2008 Guidance for Certifying FPSB Strategic Plan April 2008 Guidance for Certifying Bodies Developing a Financial Plan Case Study CFP Certification Global excellence in financial planning TM MISSION STATEMENT Financial Planning Standards

More information

Your Rights as a F INANCIAL P LANNING C LIENT C ERTIFIED F INANCIAL PLANNER B OARD OF S TANDARDS, I NC.

Your Rights as a F INANCIAL P LANNING C LIENT C ERTIFIED F INANCIAL PLANNER B OARD OF S TANDARDS, I NC. Your Rights as a F INANCIAL P LANNING C LIENT C ERTIFIED F INANCIAL PLANNER B OARD OF S TANDARDS, I NC. Working with a financial planner can be an extremely rewarding and valuable experience for you and

More information

Cutting through the Confusion

Cutting through the Confusion Cutting through the Confusion Where to Turn for Help with Your Investments What Services Do You Want? What Types of Providers Offer Assistance with Investments? How Do You Pay for These Services? What

More information

Should You Hire. Financial Planner? Have you ever asked yourself the. Chapter 5. What Is a Financial Planner? Do You Need a

Should You Hire. Financial Planner? Have you ever asked yourself the. Chapter 5. What Is a Financial Planner? Do You Need a Chapter 5 Should You Hire A Financial Planner? P l a n n i n g A h e a d F o r R e t i r e m e n t Have you ever asked yourself the question, Do I need a financial planner? It may be more appropriate to

More information

Southern Caregiver Resource Center Caring for those who care for others

Southern Caregiver Resource Center Caring for those who care for others Southern Caregiver Resource Center Caring for those who care for others Fact Sheet: Choosing a Financial Planner If you have been making financial plans for yourself or with an older relative you may have

More information

Making it clear: AN ADVISOR S GUIDE TO WRITTEN ENGAGEMENT & DISCLOSURE. This Advisor.ca Special Report is sponsored by:

Making it clear: AN ADVISOR S GUIDE TO WRITTEN ENGAGEMENT & DISCLOSURE. This Advisor.ca Special Report is sponsored by: Making it clear: AN ADVISOR S GUIDE TO WRITTEN ENGAGEMENT & DISCLOSURE This Advisor.ca Special Report is sponsored by: DEFINING THE RULES OF ENGAGEMENT by Andrew Rickard The day is quickly approaching

More information

Questions to ask when choosing a Financial Planner.

Questions to ask when choosing a Financial Planner. Questions to ask when choosing a Financial Planner. Ensuring your Financial Planner understands you and your requirements. You may be considering help from a Financial Planner for a number of reasons,

More information

INSTITUTE OF FINANCIAL ADVISERS INC. P2 - PRACTICE STANDARDS

INSTITUTE OF FINANCIAL ADVISERS INC. P2 - PRACTICE STANDARDS INSTITUTE OF FINANCIAL ADVISERS INC. P2 - PRACTICE STANDARDS EFFECTIVE 1 JANUARY 2012 TABLE OF CONTENTS INTRODUCTION... 2 Professional Financial Advice... 2 The Six-Step Process... 2 The Core Components...

More information

Questions to Ask WHEN CHOOSING A FINANCIAL PLANNER CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC.

Questions to Ask WHEN CHOOSING A FINANCIAL PLANNER CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. 10 Questions to Ask WHEN CHOOSING A FINANCIAL PLANNER CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. You may be considering help from a financial planner for a number of reasons, whether it s deciding

More information

TIPS FOR CONSUMERS Selecting an Advisor

TIPS FOR CONSUMERS Selecting an Advisor TIPS FOR CONSUMERS Selecting an Advisor Insured Retirement Institute www.irionline.org Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each

More information

Who we are. Helping you achieve your lifestyle goals

Who we are. Helping you achieve your lifestyle goals Helping you manage your wealth Who we are Ward Goodman Financial Services Ltd is 100% owned by Ward Goodman Chartered Accountants one of Dorset's largest independently owned Chartered Accountancy practices.

More information

PA & M Financial Advisors

PA & M Financial Advisors PA & M Financial Advisors Helping you achieve your lifestyle and financial goals Corporate Authorised Representative of Securitor Financial Group Ltd ABN 48 009 189 495 AFSL 240687 Lvl 12, 400 George Street

More information

FPSB Strategic Plan. Competency Profile. April 2008 Financial Planner. CFP Certification Global excellence in financial planning

FPSB Strategic Plan. Competency Profile. April 2008 Financial Planner. CFP Certification Global excellence in financial planning FPSB Strategic Plan April 2008 Planner Competency Profile CFP Certification Global excellence in financial planning MISSION STATEMENT Standards Board Ltd. (FPSB) manages, develops and operates certification,

More information

Plan on reaching your financial goals

Plan on reaching your financial goals Work with a CERTIFIED FINANCIAL PLANNER TM professional Plan on reaching your financial goals Let a CFP professional be your trusted guide As an investor, you have short- and long-term goals you would

More information

How to choose a financial planner

How to choose a financial planner How to choose a financial planner And get the most out of the relationship Page 1 Choosing a financial planner can often seem the hardest step in getting professional financial advice. Consumer research

More information

Financial Planning and Your Small Business

Financial Planning and Your Small Business Financial Planning and Your Small Business FAMILY PLANNING EDUCATION INVESTMENT RETIREMENT SAVING EQUITY FAMILY PLANNING EDUCATION INVESTMENT RETIREMENT SAVING EQUITY FAMILY PLANNING EDUCATION INVESTMENT

More information

A personal approach to financial planning. Welcome to Towry. www.towry.com

A personal approach to financial planning. Welcome to Towry. www.towry.com A personal approach to financial planning Welcome to Towry www.towry.com I have been advised by Towry for approximately six years and have been delighted by the highly personalised service they provide.

More information

What You should Know. About Buying Life Insurance. Life insurance protects your financial future. It provides

What You should Know. About Buying Life Insurance. Life insurance protects your financial future. It provides Life insurance protects your financial future. It provides the resources your family or business may need to pay immediate and continuing expenses when you die. What You should Know About Buying Life Insurance

More information

How to choose a financial planner. Helpful tips on choosing a financial planner

How to choose a financial planner. Helpful tips on choosing a financial planner How to choose a financial planner Helpful tips on choosing a financial planner Some tips to help you choose Often, choosing a financial planner can be the hardest step in seeking financial advice. Here

More information

www.stonewealthmanagement.co.za our expertise, your financial future

www.stonewealthmanagement.co.za our expertise, your financial future www.stonewealthmanagement.co.za our expertise, your financial future We recognise that life is a journey... and that financial security is important to that journey 2 our expertise, your financial future

More information

The journey to financial well-being starts with you.

The journey to financial well-being starts with you. TIAA-CREF Private Asset Management The journey to financial well-being starts with you. And the people you trust. What are your financial goals? What does financial well-being mean to you? What do you

More information

Independent Financial Advisers

Independent Financial Advisers Independent Financial Advisers Corporate Brochure Bespoke Lifetime Planning Objective Our objective is to provide a highly personal, bespoke financial planning service to clients who appreciate the value

More information

PERSONAL FINANCE. financial planning & goal setting

PERSONAL FINANCE. financial planning & goal setting PERSONAL FINANCE financial planning & goal setting 1 our mission To lead and inspire actions that improve financial readiness for the military and local community. 2 table of contents The Power Of Planning...

More information

10 Questions to ask when choosing a Financial Planner

10 Questions to ask when choosing a Financial Planner 10 uestions to ask when choosing a Financial Planner Ensuring your financial planner understands you and your requirements You may be considering help from a financial planner for a number of reasons,

More information

SELECTING A FINANCIAL PLANNER

SELECTING A FINANCIAL PLANNER This event is scheduled to begin promptly at the top of the hour. There will be no audio until the event begins. Please download and print the presentation before the webinar begins at www.waepa.org/nitp_webinar.asp

More information

Financial Planning and Your Small Business

Financial Planning and Your Small Business Financial Planning and Your Small Business The Financial Planning Association (FPA ) is the leadership and advocacy organization connecting those who provide, support, and benefit from professional financial

More information

Imagine Your Future Set YourGoals Chart Your Course. The Importance of Financial Planning

Imagine Your Future Set YourGoals Chart Your Course. The Importance of Financial Planning Imagine Your Future Set YourGoals Chart Your Course The Importance of Financial Planning Ask yourself these questions: Financial Planning Provides Direction and Discipline It s important to know where

More information

WHAT YOU SHOULD KNOW. About Buying Life Insurance. Life insurance is financial protection. It provides the

WHAT YOU SHOULD KNOW. About Buying Life Insurance. Life insurance is financial protection. It provides the Life insurance is financial protection. It provides the resources your family may need to pay immediate and continuing expenses after you die. WHAT YOU SHOULD KNOW About Buying Life Insurance There are

More information

Financial Planner of the Year 2015. Financial Plan Guide

Financial Planner of the Year 2015. Financial Plan Guide Financial Planner of the Year 2015 Financial Plan Guide TABLE OF CONTENTS INTRODUCTION 3 PROFESSIONAL SKILLS 3 PROFESSIONAL RESPONSIBILITY 4 PRACTICE 4 COMMUNICATION 4 COGNITIVE 4 PROFESSIONAL AND LEGAL

More information

Financial planning. A bespoke plan for your future

Financial planning. A bespoke plan for your future Financial planning A bespoke plan for your future ABOUT US Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more than

More information

USE OF CFP TRADEMARK, CERTIFIED FINANCIAL PLANNER CFP CERTIFICANT S GUIDE

USE OF CFP TRADEMARK, CERTIFIED FINANCIAL PLANNER CFP CERTIFICANT S GUIDE USE OF CFP TRADEMARK, CERTIFIED FINANCIAL PLANNER TRADEMARK & TRADEMARK CFP CERTIFICANT S GUIDE 1 INTRODUCTION FINANCIAL PLANNING STANDARDS BOARD LTD. (FPSB) owns the CFP, CERTIFIED FINANCIAL PLANNER and

More information

How to Find a Financial Professional Sensitive to Cancer Issues. Financial Guidance for Cancer Survivors and Their Families

How to Find a Financial Professional Sensitive to Cancer Issues. Financial Guidance for Cancer Survivors and Their Families How to Find a Financial Professional Sensitive to Cancer Issues Financial Guidance for Cancer Survivors and Their Families How to Find a Financial Professional Sensitive to Cancer Issues Financial Guidance

More information

Do You Need a Financial Planner?

Do You Need a Financial Planner? CHAPTER 2 Do You Need a Financial Planner? A Word About Self-Help Now that you know about the basics of the financial planning process, do you think you can do it yourself? Only you can answer that question,

More information

BECOME IN THE WORLD CERTIFICATION. THERE S no higher CFP PROFESSIONAL FINANCIAL PLANNING

BECOME IN THE WORLD CERTIFICATION. THERE S no higher CFP PROFESSIONAL FINANCIAL PLANNING BECOME A CFP PROFESSIONAL THERE S no higher FINANCIAL PLANNING CERTIFICATION IN THE WORLD THE CERTIFIED FINANCIAL PLANNER DESIGNATION IS the highest DESIGNATION FOR FINANCIAL PLANNERS GLOBALLY. AS A CFP

More information

How To Choose A Comprehensive Financial Advisor

How To Choose A Comprehensive Financial Advisor The NAPFA Comprehensive Financial Planning Diagnostic: Helping consumers understand what comprises truly comprehensive financial planning Consumers today are confused and rightly so. With so many financial

More information

Protect your family s legacy with estate planning

Protect your family s legacy with estate planning RBC Life Insurance Company Protect your family s legacy with estate planning RBC Guaranteed Investment Funds What is estate planning and who should consider it? Your estate is the sum of your lifetime

More information

Applied Advisor Phone: 415-325-2042 Date: 1/3/2016

Applied Advisor Phone: 415-325-2042 Date: 1/3/2016 Planner's Name: Kathleen Hentges, CFP Company: Applied Advisor Phone: 415-325-2042 Date: 1/3/2016 1 Do you have experience in providing advice on the topics below? If yes, indicate the number of years.

More information

Study with Milpark College to become a HUMAN RESOURCES ADMINISTRATOR

Study with Milpark College to become a HUMAN RESOURCES ADMINISTRATOR CAPE TOWN CAMPUS: Tel: (021) 673-9100 Fax: (021) 673-9111 2 nd Floor, Sunclare Building, Corner Dreyer & Protea Roads, Claremont JOHANNESBURG CAMPUS: Tel: (011) 718-4000 Fax: (011) 718-4001 Corner Main

More information

C-Careers in Personal Financial Planning and Counseling

C-Careers in Personal Financial Planning and Counseling C-Careers in Personal Financial Planning and Counseling Personal financial planning and counseling is a professional field that addresses the financial concerns of individuals and families. The need for

More information

How a Financial Planner Can Help You and How to Choose the Right One

How a Financial Planner Can Help You and How to Choose the Right One How a Financial Planner Can Help You and How to Choose the Right One Like most people, you have aspirations and life goals for yourself and your family. These might include buying a home or business saving

More information

General Information: Postgraduate Diploma in Financial Planning

General Information: Postgraduate Diploma in Financial Planning 0 General Information: Postgraduate Diploma in Financial Planning 2014 Contents Welcome 1 Contact details 1 Postgraduate Diploma in Financial Planning 2 Admission Requirements 2 Academic Overview 3 Application

More information

How to Choose a Financial Planner

How to Choose a Financial Planner How to Choose a Financial Planner Use these questions from the National Association of Financial Planners when you interview a financial planner. The answers are ours our effort to provide you the important

More information

The ABC of financial planning

The ABC of financial planning The ABC of financial planning A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life. - Suze Orman Do I really need financial planning? Every person who

More information

lautorite.qc.ca Choosing an Investment Dealer or Representative

lautorite.qc.ca Choosing an Investment Dealer or Representative lautorite.qc.ca Choosing an Investment Dealer or Representative Table of contents Step 1 Evaluate your needs... 4 Step 2 Choose a firm and a representative... 9 Step 3 Prepare for the meeting with your

More information

Wealth. Financial Planning Superannuation and retirement planning Tax effective investments Protection Direct solutions

Wealth. Financial Planning Superannuation and retirement planning Tax effective investments Protection Direct solutions Wealth Financial Planning Superannuation and retirement planning Tax effective investments Protection Direct solutions We all have different plans in life. At Bank of Melbourne, our commitment to you starts

More information

Planning your financial path

Planning your financial path Our private client service Illuminating advice We will find the best way to help you reach your goals. We make sure you stay on track until you do. Advice you can trust Our role as your financial adviser

More information

How to Select the Right Financial Advisor

How to Select the Right Financial Advisor Q3 2013 Oxford Communiqué Investor Report: How to Select the Right Financial Advisor By The Oxford Club Research Team NOTE: The Oxford Club is not a broker, dealer or licensed investment advisor. No person

More information

Jason M. Judge. Financial Planning Specialist Vice President - Wealth Management Financial Advisor

Jason M. Judge. Financial Planning Specialist Vice President - Wealth Management Financial Advisor Jason M. Judge Financial Planning Specialist Vice President - Wealth Management Financial Advisor 13625 California Street Suite 400, Omaha, NE 68154 402-399-6354 / MAIN 800-228-3309 / TOLL-FREE 402-399-6336

More information

GRADUATE DIPLOMA IN FINANCIAL PLANNING 2013 2014

GRADUATE DIPLOMA IN FINANCIAL PLANNING 2013 2014 School of Professional Finance THE SCHOOL OF PROFESSIONAL FINANCE GRADUATE DIPLOMA IN FINANCIAL PLANNING 2013 2014 Gateway to the Prestigious International Designation Certified Financial Planner professional

More information

December 2014. Tax-Efficient Investing Through Asset Location. John Wyckoff, CPA/PFS, CFP

December 2014. Tax-Efficient Investing Through Asset Location. John Wyckoff, CPA/PFS, CFP John Wyckoff, CPA/PFS, CFP Your investment priorities are likely to evolve over time, but one goal will remain constant: to maximize your investment returns. Not all returns are created equal, however.

More information

What you need to know about life insurance

What you need to know about life insurance What you need to know about life insurance Chances are, you need L ife insurance is a simple answer to a very difficult question: How will my family manage financially when I die? It s a subject no one

More information

GRADUATE CERTIFICATE IN ORGANISATIONAL DEVELOPMENT

GRADUATE CERTIFICATE IN ORGANISATIONAL DEVELOPMENT GRADUATE CERTIFICATE IN ORGANISATIONAL DEVELOPMENT Innovative, practical and relevant SIMON GOTT Graduate Certificate In Organisational Development Programme Director Organisations cannot truly thrive

More information

Choosing and Evaluating Financial Professionals

Choosing and Evaluating Financial Professionals Milestone Financial Group David Hunt, CFP Financial Advisor 205-D Plaza Drive Greenville, NC 27858 252-756-7005 TF 877.706.7005 dave@milestonefinancialgroup.com Choosing and Evaluating Financial Professionals

More information

Insights to Choosing a Financial Planner

Insights to Choosing a Financial Planner Insights to Choosing a Financial Planner A joint collaboration of FPAM and SIDC How a Licensed Financial Planner can Help You 1. Offer Personalized Service Your financial objectives and goals are unique

More information

Financial Planning Practice Standards

Financial Planning Practice Standards Financial Planning Practice Standards Financial Planning Practice Standards The Financial Planning Practice Standards have been adopted by the Board of the Institute of Financial Planning (IFP) to provide

More information

The School of Professional Finance

The School of Professional Finance The School of Professional Finance GRADUATE DIPLOMA IN FINANCIAL PLANNING 2012 2013 Gateway to the Prestigious International Designation Certified Financial Planner professional The Institute of Bankers

More information

The Value of Financial Planning and Awareness of CFP Certification: A Global Financial Planning Survey Singapore Results

The Value of Financial Planning and Awareness of CFP Certification: A Global Financial Planning Survey Singapore Results The Value of Financial Planning and Awareness of CFP Certification: A Global Financial Planning Survey Singapore Results 1 Copyright 2015 Financial Planning Standards Board How was the global survey conducted?

More information

The 8 Wealth Management Issues and Form 1040 Resolving a Common Frustration for Tax Professionals

The 8 Wealth Management Issues and Form 1040 Resolving a Common Frustration for Tax Professionals The 8 Wealth Management Issues and Form 1040 Resolving a Common Frustration for Tax Professionals Sarah is a tax professional whose clients often ask for financial advice. One morning, her client Mike

More information

The California Delta Group at Morgan Stanley Smith Barney....managing change

The California Delta Group at Morgan Stanley Smith Barney....managing change The California Delta Group at Morgan Stanley Smith Barney...managing change Delta is the symbol for change... The California Delta Group at Morgan Stanley Smith Barney looks forward to helping our clients

More information

Selecting a Certified Public Accountant (CPA)

Selecting a Certified Public Accountant (CPA) Selecting a Certified Public Accountant (CPA) WHAT SERVICES DO CPA S OFFER? CPA s act as advisors on a wide range of financial and management matters. Selecting an accountant is a decision that has far-reaching

More information

Professional advice Your most valuable investment

Professional advice Your most valuable investment Professional advice Your most valuable investment Welcome to Adviceworx When it comes to building your financial wealth and providing for your family and future generations, the appointment of a trusted

More information

A brief guide to Financial Planning Guide financial planning

A brief guide to Financial Planning Guide financial planning A brief guide to Financial Planningplanning Guide financial Table of Contents Financial Planning The Process of Financial Planning Why do I need a Financial Plan? Do I need a Financial Advisor? Tips to

More information

Guide to CPA Services What a CPA Can Do for Your Small Business

Guide to CPA Services What a CPA Can Do for Your Small Business Guide to CPA Services What a CPA Can Do for Your Small Business What can a CPA do for your small business? As a small-business owner or manager, you have many responsibilities to ensure that your business

More information

What You Should Know About Buying. Life Insurance

What You Should Know About Buying. Life Insurance What You Should Know About Buying Life Insurance Life insurance is the foundation of financial security for you and your family. It protects your financial resources against the uncertainties of life so

More information

Postgraduate Distance Education Courses for Legal Practice 2016

Postgraduate Distance Education Courses for Legal Practice 2016 WHY CHOOSE LEAD? With 30 years of experience, the legal education division of the LSSA understands the needs of a modernday law practice. LEAD offers a wide range of topquality courses, seminars and certificate

More information

Preparing for the retirement you want

Preparing for the retirement you want Preparing for the retirement you want You deserve an enjoyable retirement Retirement is one of life s most significant events. It marks the transition to a new and very wonderful stage of life. You will

More information

Your guide to retirement savings and fund choices

Your guide to retirement savings and fund choices Your guide to retirement savings and fund choices The Global Connections Group Personal Pension Plan for employees automatically enrolled into the plan Contents What is The Global Connections Group Personal

More information

For Immediate Release

For Immediate Release For Immediate Release For a review copy of the book or an interview with John Vento, please contact Dottie DeHart, DeHart & Company Public Relations, at (828) 325-4966 or Dottie@dehartandcompany.com Not

More information