Chapter 2. What Is Financial Planning?

Financial planning is a larger field than you might think. It is actually made up of a number of components, and it is difficult for any one advisor to be an expert in every aspect of it. Relating financial planning to the medical field, you will have advisors who have a broad base of knowledge and might act as a generalist. These advisors very often can work with clients in a holistic manner but might have to find “specialists” in more complex situations. Whether you work with a generalist or a specialist, it is important to have an integrated financial plan. As one of my former colleagues put it, “If you don’t know where you’re going, any road will take you there.” The major areas of financial planning ...

Get Who Can You Trust With Your Money?: Get the Help You Need Now and Avoid Dishonest Advisors now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.