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Registered Financial Planner

A registered financial planner is an individual with the credentials to help a person in the planning of their finances. The main purpose behind this help is to take a person's income, their finances, and come up with a plan that helps them to meet their goals. These goals can include buying a home or saving for a child's college education. No matter the goal, there is a way to reach it and a planner can help in the completion of those goals.

There are a number of tasks that a registered financial planner is charged with. They have to be knowledgeable in a wide range of areas. For instance, they need to know how parenthood can affect finances and how to adapt the unexpected to a plan. Then there is the fact that they need to know about 401K and IRA accounts. Even though these are employer-based accounts, it doesn't hurt to obtain some advice on these accounts.

As a matter of fact, it is good to receive advice about all accounts so that the right decisions can be made about finding a financial planner. It doesn't matter if the account is in the hands of the financial planner or not. What's important is that the individual helping you handle your finances is registered in some way with some entity that shows their credibility. Credibility is everything because individuals need someone that they can rely on to help them make the best financial decisions possible.

SEC Registration

SEC registration is not required, but it is preferred. If a planner doesn't register with the SEC, they must register with the state securities agency that their business resides in. However, a registered financial planner only needs this type of registration if they will be dealing with securities. There are, however, many planners who are into investment planning. They help their clients take their money and invest it.

Investing can be a very important part of financial planning. Retirement planners tend to take their clients this route so that they can invest their money and make it grow for them before and after retirement. Then again, a planner will suggest investing anyway as a way to really make money work. Mutual fund investing tends to be a recommended form of investment.


A planner can also become registered with a number of associations within their state and those that are national. There are such associations as the Financial Planning Association. There is also the National Association of Personal Financial Advisors. The registered financial planner becomes registered with these associations so that they can advertise these associations to their clients. Being registered with an association shows that they are credible. Associations only allow certain planners to be members.

The individuals who are able to become registered are those who have not been convicted of any type of fraud, who have a good track record, and meet specific criteria. Every association is different, so it is very important that the criteria are met. For instance, maybe an advisor needs to be highly knowledgeable about the Roth IRA. The typical registered financial planner will be, so this is an area where there shouldn't be much of an issue.

So when looking for a registered financial planner, make sure you look for registration with associations. This shows that some sort of requirement has been met. This is a good thing for you and the decision that you are making. That way you know your finances are being put into the hands of someone who knows what they are doing. Imagine your finances being in the hands of someone who doesn't have a clue.


One very important quality that a registered financial planner should have is certification with the Certified Financial Planner Board of Standards. This is a very important credential to have and it shows that a registered advisor is someone who knows what they are doing. In order to become certified through this organization, one must meet many requirements and know everything that there is about planning. They know the IRA inside out and even know the 401K inside out.

When working with a registered financial planner, you are doing yourself and everyone in your family a great favor. You are ensuring that you and everyone in your household has everything they need. Even when your children no longer live with you, you having control over your finances reduces the amount of responsibility upon them when the day comes that you leave this world.

So find a registered financial planner as opposed to someone who simply calls themselves "registered." You need someone who is legitimate and who knows what it is they are doing. When you are putting your finances into the hands of someone else, you don't want to take any chances.

This website provides information related to the subjects covered. Before making any financial or legal decisions, a professional should be consulted.