What is the function of a financial planner?

The role of a financial planner is to help individuals create and implement comprehensive financial plans tailored to their specific needs and goals. This involves assessing a client’s financial situation, setting financial objectives, and developing strategies to achieve those goals. Financial planners consider various aspects such as savings, investments, retirement planning, tax strategies, and estate planning to ensure a holistic approach to their clients' financial well-being.

While assisting with budgeting or managing investment portfolios can be components of the financial planning process, the primary function encompasses a broader scope. It is centered around guiding clients through their financial journey and adapting the plan as personal and market circumstances change. By focusing on creating and implementing financial plans, financial planners help clients make informed decisions that align with their long-term financial aspirations.