Financial planning as a professional practice arose from a variety of sources, including its academic roots in home and agricultural economics departments, regulatory shifts in the financial services landscape, and new interdisciplinary perspectives on advice. What makes personal financial planning different from other forms of financial advice? What are the similarities and differences? What makes it unique?
Financial planning as a professional practice arose from a variety of sources, including its academic roots in home and agricultural economics departments, regulatory shifts in the financial services landscape, and new interdisciplinary perspectives on advice. What makes personal financial planning different from other forms of financial advice? What are the similarities and differences? What makes it unique?
Financial advice:
Financial advice refers to any advice rendered by certified finance professionals with respect to financial planning, implementation of financial plans, risk assessment, risk mitigation and management, assessing and refining financial positions, etc. It can also involve the financial aspects of estate planning and management.
Financial advisors are engaged by individuals, firms, and large corporations.
The advice they render is varied and vast in scope depending on the case presented to them.
Financial advice can be either be one-time, for a specified time period or may be solicited for a particular project.
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