What to Look for in a Financial Planning Service Provider

Any financial planning service provider you identify as a potential partner to work with will have to be your one-stop portal to expert financial planning services, personalised to help each client reach their individual financial goals. That means that they’d have to have an existing service framework that can very easily be tailored to your specific needs. Financial planning service providers become really good at this sort of thing, because it’s their specialty. They’re often able to see even the most specialised markets through the eyes of an outsider, looking in, who can come up with solutions that someone immersed in that market often can’t.

The focus, however, is more on personal financial planning than that financial planning service rendered for people running businesses. That’s a little bit of a different ball-game, because in a sense, a company’s finances pretty much mirror its business plan.

Operating under the expert leadership of its vastly experienced President, the service provider would have to be a financial services organisation with a commitment to maintaining a premium level of professionalism among its team of financial advisors. All their members should be fully qualified, professional financial advisors who strictly operate within an established professional Code of Conduct, upholding best practice standards while continuously participating in ongoing education programs to stay up-to-date with the latest in financial industry regulations. Appropriate professional liability insurance levels must be maintained throughout their liaison with all their clients, proving that they’re committed to putting each client’s interests first.

All of the firm’s members should ideally boast expert status to go with their ground-level, in-field experience, collectively providing a full complement of financial services which include wealth management, estate and retirement planning, tax planning and risk management.

Senior Management Credentials


The clearly-defined role of the President must be occupied by someone who hold extensive experience in advising clients on personal planning, consistently helping clients achieve their personal goals. His or her specialty would ideally reside in the implementation of retirement planning regimes and the subsequent withdrawal of retirement income, through the deployment of specialised insurance tools, government benefits, and company pensions.

Brokerage Manager

Boasting years of experience, the firm’s Brokerage Manager must have worked with many financial advisors on their different cases, subsequently gaining unparalleled exposure to different scenarios most financial advisors don’t get the opportunity to work on. Cases successfully worked on would ideally range from individual and family solutions to complicated financial planning regimes for multimillionaire clients. In addition to serving as a resource for financial advisors providing tax, estate planning, and complex insurance advice to their clients, part of the Brokerage Manager’s responsibilities include educating and training staff on insurance concepts focused on comparisons between products, insured annuities, front-end and back-end leveraged insurance, the deployment of trusts and corporate structures, buy-sell implementations (share redemption/ crisscross/ promissory note ), key-person and split dollar arrangements, and charitable giving.

Finally, a financial planner should impart knowledge that can be applied in the real world, like how if you’re an avid online gambler, they would fill you in on info such as where and how you can get a £20 free no deposit casino bonus to save some money with in that way.