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  • What is the value in a CERTIFIED FINANCIAL PLANNER® professional?

What is the value in a CERTIFIED FINANCIAL PLANNER® professional?

 

Before discussing the value of a CERTIFIED FINANCIAL PLANNER® professional, it’s important to understand what the designation means. What’s the difference between a CERTIFIED FINANCIAL PLANNER® professional and an investment advisor?

 

 

According to the following link: Government of Canada: Choosing a Financial Advisor, anyone outside Quebec can use the terms “financial planner” or “financial advisor”. Their stance is that the difference between advisors depends on their education and certifications – and furthermore, the GoC says that financial planning certifications help you to find an advisor with the skills you require.

The article goes on to say that a financial advisor is someone who helps you manage your money, like an Investment Advisor or insurance agent, and that a financial planner is a type of advisor that assists you in developing a long-term financial plan that helps you reach financial goals. Examples from the article that a financial planner can help with:

  • Budgeting
  • Saving money on taxes
  • Planning for retirement
  • Estate planning
Financial Consumer Agency, Government of Canada “Choosing a Financial Advisor” August 2, 2018

 

David Sweeney and Janet Bride fill the roles of both Investment Advisor/Associate Investment Advisor and financial planners; their role is to help you manage your money and create a plan to reach your long-term goals. But what is the value of a CERTIFIED FINANCIAL PLANNER®professional?

 

Data collected from the FPSC “Value of Financial Planning Study”:

  1. “People with financial plans report feeling more on track with their financial affairs.
  2. Those who have financial plans and think retirement is an important goal feel more confident in their plans to retire.
  3. People with financial plans feel they have improved their ability to save in the last five years.
  4. Those who have financial plans are more confident that they can deal with financial emergencies, tough economic times, and ensuring loved ones are financially looked after.
  5. People who engage in comprehensive financial planning report higher levels of emotional, financial and overall contentment over those who have engaged in limited planning.”

 

READ MORE: Financial Planning Standards Council, “The Value of Financial Planning Study”

 

David Sweeney and Janet Bride are CERTIFIED FINANCAL PLANNER® professionals who help you develop a comprehensive financial plan that lets you gain a stronger sense of financial well-being. There is no cost for a meeting to discuss your situation, so please contact us by phone at 604-892-5131 or by using the contact form below.