Klen Kut

Do I need to be good at my interpersonal skills to be a Financial Planner?

Give more insights on it

by Klen Kut
1 answer
| Share :

1 answer

RE: Do I need to be good at my interpersonal skills to be a Financial Planner?

Alok Agrawal
Alok Agrawal
Verified Career Expert
Mananger at Etoe Group/Career Counselor
  • Bangalore

Yes It is very important for a Financial planner to be good in inter personal skills.

The primary reasons for the failure of financial plan are failed inter personal communication skill. If you are not good in inter personal skill you will fail to understand clients motivations and emotions which will leads to failure of your plan.
  • If the planner has not invested enough time in collaborations and understanding clients views and emotions, which will make it certain to create a emotional blocks that prevent change in clients behavior.In other words the plan was technically correct but failed in efficacy test, which is implementation and compliance of the same is not done due to emotional blocks.

  • When the client feel a good connection, caring and concerned wives from planner the bond is more positive and it widen the scope of implementation and compliance.

  • You need to build a good rapport and relationship with the client. More they are connected and open with you more they can recall and understand the planners plan and advise and greater will be compliance.

  • Evidence and research suggested that inter personal skill matter more than technical expertise when it comes to forging successful financial plans and client relationship.

  • Most of the people want planners who are skilled, knowledgeable, caring beyond transactions. They want planners who will work to strengthen their relationship bonds over time.

  • Financial Planners who connects with their clients as emotional level and develop a relationship of mutual trust experience greater success in plan design, implementation and compliance. The planner who do not connect, who do not possess strong inter personal skill increase their risk of failure. Failure leads to loss in revenues and performances.

Clients need an objective outside planning and advise who can help them by clarifying their goals and objectives, mapping out prudent financial decisions and establishing financial systems that support positive client behavior.

Some may argue that their work is to mange the money, execute the plan, and the planning implemented, only transaction based relationship is sufficient. But this type of practice is difficult to sustain and less rewarding if it is not a client centered approach.

In order to post replies to the question: "Do I need to be good at my interpersonal skills to be a Financial Planner?"

Post Reply

Latest ANSWERS

i am going to complete my graduation through sv university, tirupati, kindly please intimate me about carrer for my igher studies in india & foreign ?

Please Send Me Our Conversation Details to My Email ID: vvronline.in@gmail.com .. read more

Eligibility and exemptions for Section B and AMIE Architecture?

Sir, Actually l passed B.SC with electronic science stream and diploma from IPWE and want to join AMIE Architectural. So please refer me the guideline .. read more

Best Online Mock Tests to crack UGC NET Paper 1??

Hello Arun..!! Mock tests are the best way to analyze your preparation and boost up your confidence. I will suggest you to go for the UGC NET Mock Tes .. read more

What comes in UGC NET Paper 1??

Hello Arun..UGC NET paper for Research and Teaching Aptitude,also known as UGC NET Paper 1 is the initial stage of UGC NET exam. This paper consists o .. read more
Most Popular

Hii i want to do pgdm in financial market...is National institute of financial management faridabad is good or not...i mean m looking to do pgdm from that institute...is it worth it or not ? Pls tell me asap thanks

  Dear Aspirant. NIFM is an autonomous Institution of Ministry of Finance, Govt. of India and the PGDFM is a 2-year full-time program a .. read more

What are the things if a Psychologist learns, will be helpful in long run?

1. Psychometric testings like testing - personality, intelligence, academic performance. 2. Therapeutic techniques like Cognitive Behaviour Therapy, R .. read more

I am a failiure of class 12 what can I do..?? plz suggest me I am so confused I want ot make my career in army

Yes  .. read more

After M.A. in psycoloy through IGNOU where shouid i study clinical psycolog??

If you want to become a clinical psychologist, then you should study M.Phil in clinical psychology which must be approved by RCI. For that course MA P .. read more
Caching Date: 10/18/2017 12:26:44 AM