Reena Rajesh

What are the common myths about Financial Planners and their work?

Please help me out

by Reena Rajesh
1 answer
| Share :

1 answer

RE: What are the common myths about Financial Planners and their work?

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

Hello..


As I am working as an financial analyst in my company I can explain all the myths associated with financial planning better. There are several myths associated with financial planning, some of them are as mentioned below:
  • Financial planning will lead to increase sales: A financial planner is a person who is based on fee only not related in nay manner in sales of any products of company. They only advise you how to increase sales keeping in mind your priority and best interest first.
  • People think financial plan as too costly, they cannot afford a financial planner as it will be too costly for their company to afford them which is completely a myth. Generally the financial planner will charge you based on your requirement and necessity not as per any other fee structure. They will only charge you as per your budget and need areas not for all they want and do.
  • Financial planning is just about investment not any thing else. But this is a myth a financial planner is doing a lot many other task like cash flow plan, income tax advise, riskmanagement, audits, investment planning etc.
  • Generally people think financial planning will take too much time and they are busy andcannotgive sufficienttime to seek a financial planners advise. Butgenerallyfinancial planner will try to make best use ofavailable time and give you best solutions to your problem within that time frame because they value your time and money. streamline paper work process help a lot in managing time.
  • One more myth is that people think they will not be able to understand a financial plan, it is too complicated and complex to understand and follow. But the reality is a financial planner will make you understand the plan in the easiest way possible to help you implement and execute the same in proper way.
  • Some people even feel uncomfortable discussing about their money as it is their money and they do not want to reveal all details to any one else, some times this also one myth.

Apart of all these many more myths are associated with financial planning, hope you get your answer for your query.

In order to post replies to the question: "What are the common myths about Financial Planners and their work?"

Post Reply

Latest ANSWERS

going to take admission in polytechnic with civil so can i do btech after that ???? as i m 12 pass out just passed out this year i was willing to opt for btech but i wanted to do some extra practical work rather than theories therefore going for polytech

Hello Aman, Yes. Ofcourse you can join B.Tech by taking a lateral entry into the 2nd year degree course.   Wish you good luck... .. read more

hi i am arya gupta i am in 2nd year of college doing b.com i want to join my father's business in future i am confuse between doing ca and mba . please ans.

Hello Arya,   Looking at your background and your future interest, I would suggest an MBA.   Since a degree in management, would get you fam .. read more

ma'am I want to do BA psychology but I am too late for the admissions is there anything which I can do from home

Hello Deepika,   Why are you saying, you are late for admission?   Please do visit colleges and talk to the authorities and show how keen yo .. read more

After 10th with out studying 2nd pu what course can I do

Hello Syed, After 10th, you have 2 options if you do not wish to pursue 11th and 12th. You can opt for a Diploma program in engineering, hotel manage .. read more
Most Popular

Can I Do BHM After Passing 10th in Gujarat Board

Hi BHM is a Bachelor in Hotel Management which you can do only after completing your 12th standard. So it doesn't matter if you have done 10th from an .. read more

best course for BIPC STUDENTS after intermediate

Sir i took admission in du college in bsc home science and had a chance to take bsc biotechnology from gvm college MDU university.  What should i .. read more

I can't find proper college for defence studies course?

Read my new article published on Eurasia review about Growing scope and emerging new career opportunities defence studies in india by Asif Ahmed for c .. read more

Hello Sir my self hemant Lakhotia.I want to take ur presious advise about forensic science

BSc Forensic Science is the program deals with theoretical and practical background in all the areas of criminalistics which demonstrates proficiencie .. read more
Caching Date: 7/23/2017 4:21:52 AM