On Being A Generalist

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1 Response

  1. Bhe says:

    As a fee-based Financial Planner (CFP) I need to address many different aspects of a clients financial situation including risk management (insurance), taxes, investments, budgeting (mortgages play into this), estate planning etc. I don’t think you can do proper Financial Planning if you are not a generalist. Having a valid license for mortgages, insurance, investments etc means I have to keep up to date on the nuances of each of these areas. For example, I often advise clients to pay down their mortgage more aggressively and show them mortgage alternatives they were unaware of that will facilitate this process. Providing tax return preparation to clients also keeps me up to date on tax rules and changes which helps me with tax planning and estate planning.