Careers in Financial Planning and Wealth Management

Financial planners and wealth managers help individuals plan their financial futures. Financial planners help people plan their finances in light of their income and assets. This involves programs for investments. Some planners work on their own and offer workshops that teach people how to handle their own finances. Other planners run businesses or are employed by insurance companies and financial service companies (e.g., investment services companies, investment banks and commercial banks) and sell their company's financial products. Such products might include family budgeting schemes, mutual funds, individual retirement accounts (IRAs), insurance, real estate, or tax-sheltered investment plans.

Financial planners help each person with their financial situation - current and long-term. The job of the financial planner is to help each person decide what kinds of investments are best and what is the right amount. They advise on both where to put money as well as when to spend it on items like housing, education and retirement.

In order to be effective, financial planners must be familiar with legal restrictions and laws concerning retirement plans, tax shelters, insurance, and trusts. They must be skilled at working with numbers and budgets and be able to understand complicated financial and legal documents. In addition, they should be articulate, persuasive, and have some decent selling ability.

Financial planners are increasingly called on to have the CFP (Certified Financial Planner) designation. To become a CFP, you must pass an exam approved by the CFP Board of Standards which covers more than 150 topics in investing and financial planning. Today, there are approximately 60,000 CFP's. The number has more than doubled in the last decade.

Some Institutes in india providing CFP certification.

names are as follows

1. The Indian Institute of Financial Planning

2. iVENTURES ACADEMY OF BUSINESS & FINANCE

3. Financial Planning Academy, mumbai

for more information about institutes

search at Just dial, siksha.com, google.com