Financial planner (FP) - Financial definition
Concise definition of the term financial planner
A financial planner is a professional who helps individuals and families create and implement comprehensive financial plans to achieve their short-term and long-term financial goals.
Comprehensive definition of the term financial planner
Financial planners offer personalized advice and guidance on various financial aspects, including budgeting, savings, investments, retirement planning, tax strategies, insurance, and estate planning. They assess clients' financial situations, identify their objectives, and develop tailored strategies to optimize their financial well-being.
Additionally, financial planners stay abreast of changing market conditions, tax laws, and financial products to provide up-to-date recommendations and ensure clients' plans remain aligned with their evolving needs and objectives.