What's the job of a financial planner?

I'm thinking about careers that mix numbers with helping people. I've heard financial planners do that, but I'm not sure exactly what they do. Can anyone explain what a financial planner does and what skills are needed?

As someone who assists individuals in managing their finances, a financial planner's role is highly dynamic and involves a broad array of tasks. They guide clients in decision-making processes related to investments, tax laws, and insurance decisions. Some of their key duties include the following:

1. Meeting with clients to discuss their financial goals and assessing the financial health of the client.

2. Educating clients on various aspects of financial planning such as investment strategies, tax planning, retirement, and estate planning.

3. Developing a tailored plan to meet the client's financial goals, which often includes savings, investment, insurance, and budgeting recommendations.

4. Monitoring and reviewing client's accounts and meeting periodically to adjust the plan as life changes occur.

To succeed as a financial planner, you'll need strong analytical skills to interpret financial data and market trends. People and communication skills are crucial too - you'd need to be able to listen to your clients' needs and communicate complex financial concepts in a simple, understandable manner. Furthermore, integrity and trustworthiness are essential virtues in this field, given that clients depend on your financial advice to secure their future. It's also beneficial to have a robust understanding of money management, personal finance, and retail banking products and services.

Getting into this career typically requires a bachelor's degree in finance, economics, business, or a related field. Some financial planners also obtain certifications such as Certified Financial Planner (CFP), which requires passing an exam and having relevant work experience. The field is known to offer a broad range of opportunities for growth and career progression.