Date post: | 16-Jan-2017 |
Category: |
Economy & Finance |
Upload: | allan-oulate |
View: | 49 times |
Download: | 5 times |
Financial Management vsFinancial Planning
B Y A L L A N O U L A T E
Both financial managers andfinancial planners are skilled in
professionals that assessincome and fundamentalexpenditures, instruct on
applicable taxes/laws, andalso contribute a reasonableplan that can assists clientsachieve their desired goals.
Although the foundation ofthe occupations are
essentially the same, the skillsrequired and the manner inwhich they carry out theirduties are quite different.
FinancialPlanner:
A financial planner is anindividual who is a qualified investment professional. Asan investment professional,these planners assists others
and on a large scale –corporations in meeting their
long-term financial goalsthrough the examination oftheir present financial statusand creating a program thatwill allow the client to reach
their goals
Financial professionals havemany areas of specialization
which include riskmanagement, investment
analysis, retirement, estateplanning, tax planning, and
asset allocation.
FinancialManager:
Financial managers financialmanagers work exclusivelywith companies instead of
individuals or families. Thesefinancial professionals areobligated to track various
organizational factors in orderto maintain fluidity throughout
companies they work with.
Professionals in this field haveseen a decrease in their
workload as there have beenmany recent advances intechnology in this area.
Managers must now workwith expectation to Withadvances in technologyrendering direct account
management less and less oftheir daily workload, managers
are now expected torecommend progressive data
analysis regularly to advisesenior leadership of the
companies they work with.