Today, many middle-income earners find the wise management of their money a complex and challenging affair. They are often not sure of the best way to manage their finances, nor do they have much time to devote to this purpose. The need for competent professionals who can offer both advice and service on a broad range of money matters has given rise to financial planners.
Financial planners offer advice and develop financial plans and goals for their clients.
They are able to sort out finances, set up cash management plans and budgets, design educational funds, plan retirement programs and decide where and how much a client should invest. They also attend to taxes, insurance, employee benefits, and other complex details. Financial planners can be found working for banks, insurance companies, accounting firms, employee benefits departments, brokerage houses, and other financial planners. The business of financial planning is growing in response to the number of families and businesses expressing concern about future economic trends and the need for wisely planned investment strategies. Increasing public sensitivity to changes in the economic climate has made the American public aware of the necessity of professional financial guidance, now more than ever.