Implement the right strategy to assure that you reach your goals and objectives . A financial planner is only helpful if the recommendations are put into action. The practitioner should either assist you in implementing the recommendations or coordinate the implementation with other knowledgeable professionals. Provide periodic review and revision of your plan to assure that you achieve your goals. You should have your financial situation re-assessed at least once a year to account for changes in your life and fluctuating economic conditions.
People hire financial planners for many reasons.
The fee is determined by the amount of work involved in designing the client's plan and the need for ongoing updating. The commissions are derived from the purchase of financial products from the planner if the client implements the product portion of the program through the planner. Regardless of the method of compensation, Members of the CAFP would be pleased to discuss their fees with you.