Category Archives for "The Importance of Financial Planning"

4 The Great CFP® Gap: Why 98% of the Program Isn’t Helping You (and What To Do About It)


Admit it.

You’ve studied months, weeks, days, nights, and even more to pass a rigorous 10-hour CFP-exam.

You’ve scrutinized all the financial planning material that teaches the ‘mechanics’ of your profession, to finally get the degree you dreamed of.

To finally learn the stuff that will transform you into a smarter person. And not just any smarter person … a Certified Financial Planner.

Wow, that’s something to be proud of.

Because as of then, the world is going to be at your feet.

Or will it?

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7 Why People Don’t Stick To Your Financial Plan and What To Do About It

edmund hillary

Sir Edmund Hillary and Sherpa Tenzing Norgay

Do you believe that your clients act on your financial plan?

Then imagine Sir Edmund Hillary, the first man to climb Mount Everest, explaining how he was able to accomplish that feat.

Suppose he had explained he was just walking around one day when he happened to find himself at the top of the tallest mountain in the world.

Ridiculous of course. But no more ridiculous than your thinking that your client will stick to your financial plan while you are not working to make it happen.

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4 Why Every Financial Planner Ought to Serve These Almost Unknown Niche Markets

mermaids

Why consider to serve another niche?

There are a million and one financial planners, advisors, wealth managers or online solutions on the market. The market is so saturated, so why bother launching yet another one?

Before answering this question, let’s go back in time. Where we lived in a world with limited choices and big companies could afford to cast the net wide across the masses. No depth required.

Do you think this tactic works now that the masses have the power to choose?  Where people have the choice to visit your competitor with two swipes? The market of everyone has dissapeared and that’s scary for big companies.

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Why the Compliance Officer Rules and You Will Be the Hero

Remember great epic series like The Game of Thrones, The Tudors or Spartacus. There’s always the bad guy (the king) and the good guy (the hero). Next to the bad guy (the almighty king) is always a personage who is called the king’s counselor. His job is to advice the king about what the king should do to avoid future dangers. You often hear him say things like ‘danger is coming’ or ‘the enemy has gathered’.

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3 A Vision of the Future of Financial Planning in the New Age

Many financial planners don’t know how they should prepare for the future. They see a rapidly changing world. Large companies in the financial service business with innovative websites, offer free financial planning tools for their clients. With those tools they are apparently a threat for financial planners. As a financial planner you are faced with a dilemma. Do you accept these changes and choose to embrace the fast changing digital world, or not? Where should you focus on? How do you prepare yourself for the future? Questions you can answer easily if you know where you are going. Do you have a vision? The following blog shows you how to prepare for a rapidly changing future.

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