Kansas City Financial Planner Association -Brief Notes

When you work for your financial goals and aspirations, a financial planner can be a valuable resource. A good financial advisor will serve as the quarterback for your team of advisors, coordinating with your tax advisor, insurance agent, and other professionals to ensure that all aspects of your financial plan are in sync. Kansas City Financial Planner Association is an excellent resource for this.

Most people may benefit from some assistance in keeping their financial affairs in order. When is it appropriate to employ a financial advisor? Some people employ financial advisors only when they need help with a particular problem, such as college savings, debt repayment, or deciding whether to take an early retirement bid. Others employ a financial advisor to create a detailed plan and then review it annually. Whatever the justification for hiring a financial advisor, one of the most significant benefits of consulting with one is the increased incentive you’ll get to meet your financial objectives.

One issue with hiring a financial advisor is that anyone can claim to be a financial advisor. Unlike lawyers and CPAs, who must pass an exam and complete specific training before claiming to be a CPA or an attorney, there are no such qualifications for claiming to be a financial planner.

However, in the field of financial planning, there are several designations that help differentiate seasoned, qualified financial professionals from those who may lack qualifications. The following are some of the designations to look for:

Certified Financial Planner (CFP) – To hold yourself out as a CFP, you must fulfil an education standard demonstrating that you are experienced in all aspects of financial planning, pass an exam, and have three years of applicable experience. CFPs are also required to follow a Code of Ethics that is implemented by the CFP Board.