Financial Planning Courses: Choosing a Financial Planner

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1.
Where are you likely to find many financial planners and advisors in different capacities all in one location?
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At financial services companies. These companies employ many planners and advisors in many different capacities.
2.
Financial planning exists to help us become rich.
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False. Not everyone wants to get rich. But everyone wants to achieve their life goals, which is what financial planning is for.
3.
All financial planners sell investment products.
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False. Not all of them are licensed to sell investment products.
4.
Your financial planner receives 2 percent of the amount invested in a mutual fund from the mutual fund company. This is known as _______.
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A commission. Some planners who are also licensed insurance agents, stockbrokers, or financial advisors get paid by receiving a percentage of what you invest from the underwriter or investment company.
5.
Why is it a good idea to evaluate your financial plan regularly?
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To make sure it is meeting your needs. You should evaluate your plan regularly because your goals might change, your investments might need to change -- and you might even need to change your planner.