financial planner
Wealth management professional
A financial planner is a professional who helps individuals manage their money and plan for future goals—retirement, education, major purchases.
Financial planners assess a client's current finances, recommend investment strategies, and may advise on taxes, insurance, and estate planning.
Some work on commission, others charge flat fees: We hired a financial planner after the inheritance.
Advice for decisions
- recommendationsProposed courses of action
- consultationMeeting seeking expert guidance
- strategyPlanned approach to goals
- goalsIntended end results
objectives · analysis · assessment · forecasting · wealth management · risk tolerance · asset allocation · diversification
Ownership stakes or inventory
- bondsTies that unite
- portfolioCollected works or assets
- mutual fundsCollectively managed securities portfolios
- ETFsExchange-listed investment baskets
index funds · asset allocation · diversification · risk management · equities · securities · dividends · capital gains
Financial planning certification
- fiduciaryAgent bound by loyalty
- certificationAttestation of qualification
- advisorOne who gives guidance
- consultantProfessional advice provider
commission-based · credentials · ethics · continuing education · client relationship · wealth manager · practice · compliance
Money spent on things
- incomeRegular monetary receipts
- savingsAccumulated money kept
- allocationDistribution of shares
- trackingMonitoring location over time
spreadsheet · cashflow · accounts · balance · debt reduction · emergency fund · net worth · monthly budget
Retiree's ongoing benefit
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
- annuityPeriodic fixed payment
Social Security · nest egg · superannuation · Medicare · beneficiary · employer match · rollover · retirement income
guidance
Advice for decisions
- recommendationsProposed courses of action
- consultationMeeting seeking expert guidance
- strategyPlanned approach to goals
goals · objectives · analysis · assessment · forecasting · wealth management · risk tolerance · asset allocation · diversification · tax optimization
stocks
Ownership stakes or inventory
- bondsTies that unite
- portfolioCollected works or assets
- mutual fundsCollectively managed securities portfolios
ETFs · index funds · asset allocation · diversification · risk management · equities · securities · dividends · capital gains · market analysis
CFP
Financial planning certification
- fiduciaryAgent bound by loyalty
- certificationAttestation of qualification
- advisorOne who gives guidance
consultant · commission-based · credentials · ethics · continuing education · client relationship · wealth manager · practice · compliance · suitability
expenses
Money spent on things
- incomeRegular monetary receipts
- savingsAccumulated money kept
- allocationDistribution of shares
tracking · spreadsheet · cashflow · accounts · balance · debt reduction · emergency fund · net worth · monthly budget · discretionary spending
pension
Retiree's ongoing benefit
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
annuity · Social Security · nest egg · superannuation · Medicare · beneficiary · employer match · rollover · retirement income · retirement age
- planner types
- advisorspolicy advisors, consultant, adviser, advisor, think tanks
- business jobsaccountant, consultant, analyst, manager, banker
- Finance Toolsbudget app, budgeting app, calculator, expense tracker, spreadsheet
- licensed professionalsdoctor, dentist, lawyer, attorney, pharmacist
- professionsdoctor, lawyer, engineer, teacher, nurse
financial plannerspendthrift
Reckless with money
squanderer · profligate · big spender · impulse buyer · gambler
plan, planned, finance, planning, planner, financial, financing, unplanned, financed