Two, greatly expand the number of financial counselors. Only a few colleges such as University of Missouri, Iowa State, Purdue and Texas Tech University provide course work in financial counseling. Because of limited education and training opportunities the AFC program was developed. Interest in the new AFC program has raised some important questions. A. Financial planners market to clients who have cash to invest, assets to reposition, or who need to buy life insurance.
Planners help clients develop and implement retirement, estate and income tax reduction strategies.
Those facing a financial crisis. Tomorrow their home will be foreclosed, their car repossessed, or their utilities turned off. Creditors' phone calls and visits upset them because they are past due on so many loans. Those who are able to meet their debt obligations each month, but just barely. They often spend all their money before the end of the month.