419The worth a Financial Planner
posted on April 20th, 2009
Investors and even non-investing people are more and more aware of the worth a financial planner can give. Regrettably, not all financial planners are dependable. Some of them are sparingly disguised as investment sales people. Financial planners who do not have adequate training in inclusive financial planning often know only what their companies tell them about a variety of investments to sell.
An excellent financial planner on the other hand, gives the impression of being knowledgeable at every feature of the client’s monetary situation ranging from budgets to real estate plans. More often than not, many planners, however, center their attention on one narrow aspect of a client’s monetary condition which usually is the area that corresponds with whatever financial training they have received.
There are only few financial planners who seek continuing education on their profession. A few excellent financial planners opt for the compliance of the RG146 in order to become competent in the area of finance. “RG146″ stands for “Policy Statement 146″ and is a document governed under the Financial Services Reform Act 2001 (FSRA) which is mandated and administered by the Australian Securities Investments Commission (ASIC).
When a financial planner has a RG146 compliance, it is an assurance that he or she is a knowledgeable and updated planner in the area of finance and investments services.
