The role of a Financial Planner often gets confused with other finance-related job roles like Financial Advisors. While these job roles have similarities, there are several key differences. A Financial Advisor is only responsible for managing your funds. On the contrary, Financial Planners create tailored financial plans for individuals/companies, including retirement and estate planning.
Financial Planning also provides a certification to become a Certified Financial Planner, while you cannot become a Certified Financial Advisor. Keep reading to learn more about Certified Financial Planning and how it allows you to land CFP jobs in the UK with good salary packages.
What do Financial Planners Do?
A financial planner’s job is to offer advice on an individual’s or company’s finances and develop a plan to help them achieve their financial goals.
A financial planner will understand your financial standing and use the right financial tools, strategies, and products to help you reach your goal. They’re also responsible for advising their clients based on their financial needs and goals.
Other tasks of a financial planner include daily money management, portfolio management, retirement options, and estate planning. The everyday tasks of a financial planner are as follows:
- Offering clients advice related to new investment opportunities & tax management.
- Keeping the client’s investment portfolio up-to-date.
- Analyzing the client’s needs and setting realistic goals.
The exact role of a financial planner is determined by their job profile and the clients. A financial planner can become proficient in the industry by becoming a Certified Financial Planner or CFP.
Most clients consider certification before hiring a financial planner. Getting certified as a financial planner will allow you to easily land CFP jobs in the UK and other parts of the world.
Getting qualified as a CFP will give you a competitive edge, and the title will help you benefit from its focus on ethical practices and transparency. These qualities of a CFP are the reason why renowned firms demand Certified Financial Planners.
Job Profiles After Completing Certified Financial Planner Course
After completing the CFP course successfully, a Certified Financial Planner can bag various CFP jobs in UK with numerous job profiles:
A Financial Advisor is responsible for offering guidance on where and how you should invest money. As a Financial Advisor, you’ll also be responsible for guiding your clients on the right time for them to invest. Financial Advisors also create financial plans to help clients achieve their goals.
A Wealth Advisor is a professional who offers various services like investment advice, financial advice, estate planning, and tax planning. Wealth Advisors also work as brokers for buying and selling stocks for their clients.
As a Portfolio Manager, your job responsibility will be to apply various investment processes and strategies to develop/manage portfolios to help clients meet their goals.
You’ll offer advice on when your clients should make investments or sell their assets. You’ll also manage the company’s projects and programs according to its goals and strategies.
A Finance Assistant’s job is to handle the organization’s everyday tasks related to finance. Their main responsibilities include the preparation of balance sheets, data entry, processing invoices, and keeping financial reports up to date. Finance Assistants are also responsible for preparing cost analysis reports.
Mutual Funds Admin
As a Mutual Funds Admin, your job will be to complete the company’s financial paperwork associated with Mutual Funds. Mutual Funds Admins also update their clients on their investments and funds and offer advice on the same.
A company’s Finance Manager is responsible for planning the budget and providing financial advice and insights to the executive management. Their job also involves distributing the company’s financial resources. In addition, a Finance Manager helps the organization make profitable business decisions for the company’s financial growth.
Is There a Difference Between a Financial Advisor and a Financial Planner?
Financial Planners and Financial Advisors have different job roles. While there is a certification for a Financial Planner, you cannot qualify as a certified Financial Advisor. The major difference between the two is that a Financial Planner is also a Financial Advisor but every Financial Advisor is not a Financial Planner.
A Financial Advisor has a narrow view, and Financial Advisors can only help you manage your funds. On the other hand, Financial Planners are responsible for helping individuals/companies accomplish their long-term financial goals. Financial Planners will manage your money, create savings & retirement plans, and help you achieve your life’s goals.
Do I Need to Pursue a Degree After Completing the Financial Planning Course?
After completing your Financial Planning course, pursuing a degree or certification is not mandatory. However, various optional degrees and certifications can help you advance professionally.
After completing Financial Planning, pursuing a master’s degree in finance, accounting, or business administration will help you land high-profile jobs with impressive salary packages.
You can also get certifications like pursuing the Certified Financial Planner course to add value to your reputation and become proficient in the finance industry. Most employers and top companies are always looking to hire Certified Financial Planners. Thus, a CFP certification will ensure that you bag impressive CFP jobs in the UK.
Get Trained Under Industry Experts
CFP is a global certification that covers mutual funds, taxation, insurance, and other finance-related concepts to help you prepare for various financial sectors.
It is not a piece of cake to become a Certified Financial Planner. If you wish to pursue the CFP qualification after completing your Financial Planning course, you should opt for the CFP course offered by IMS Proschool.
The CFP course offered by IMS Proschool will prepare you for all four CFP papers by providing 240 hours of training. You’ll be getting trained by industry experts who’ll ensure that you acquire the required skill set to become a professional CFP. The mentors at IMS Proschool will help you in:
- FPSB Registration
- Exam Booking
- Going through the FPSB Portal
- Doubt Solving
- Career Guidance
CFP can be highly rewarding as it allows you to create a financial plan for individuals/companies to help them achieve their long-term goals. However, before you choose to become a Certified Financial Planner, it is vital to understand the job responsibilities that come along. We hope this article helped shed some light on what a career as a Financial Planner looks like.
If you want to become a Certified Financial Planner to get high-paying CFP jobs in the UK, you should join the CFP course offered by IMS Proschool to get trained under experienced mentors who’ll help you create a bright future for yourself.