Episode 79 – What IS Financial Planning?
Is there a difference between a financial adviser and a financial planner? What exactly is financial planning, and do you need it? Here I explain how I believe the client/adviser relationship should work.
When explaining this to a new client, I tend to draw out a diagram while I am speaking. A tidied-up version of this document is attached below. You might want to have this open while watching the video. With thanks again to Dennis Hall of Yellowtail Financial Planning for his permission to reproduce his work.