41 Worlds View Road, Hilton, KwaZulu-Natal, South Africa, 3245
+27 (0)33 343 2777
+27 (0)82 600 7547
Certified Financial Planner or CFP, is an internationally recognized certification and a Financial Planner with this accreditation has met all the local and global requirements to maintain this level of competency and has at least three years industry experience. It is the highest level of accreditation that can be achieved world-wide in Financial Planning.
DO YOU NEED A FINANCIAL PLANNER?
What is Financial Planning? Financial Planning is the process of determining how an individual can meet their life goals through the proper management of their financial resources. Life goals can include a comfortable retirement, buying a home, saving for a child's education or starting a business.
The Financial Planner is a trained and qualified professional who uses the Financial Planning process to help clients figure out how to meet their life goals. The Financial Planner can take a "big-picture" view of your financial situation and make Financial Planning recommendations based on your needs and lifestyle – such as budgeting and saving, taxes, investments, insurance, business assurance, asset protection and retirement planning. The Financial Planner may work with you on a single financial issue but still within your overall plan.
Financial Planning Process Financial Planning consists of the following six distinct steps. When it is comprehensive Financial Planning guidance you want, these are the steps that should guide your planner. Be familiar with them, and remember it is this "big-picture" approach that sets Financial Planners apart from all other financial advisors who may have been trained to focus only on one aspect of your finances.
Step 1 – Building A Relationship Step 2 – Gathering Data Step 3 – Analysing and Evaluating Your Financial Status Step 4 – Developing and Presenting The Financial Plan Step 5 – Implementing The Financial Plan Step 6 – Monitoring and Reviewing the Financial Plan
Seven Elements of your Financial Plan:
Personal Finance Planning
Employee Benefits Planning
Estate and Trust Planning
Peace of mind Recognised internationally, the Financial Planning Institute (FPI) manages and maintains the following accreditation and their advice is that your Financial Planner should hold this designation. Background Kim Cavell-Clarke, Director of WEALTH Action, a financial practice in Worlds View, began his career in 1992 after graduating with majors in Economics and Legal Studies and immediately entering the financial service industry in Johannesburg. In 1998 he moved back to Natal as an independent broker. Since 2003 he has been accredited by the Financial Planning Institute (FPI) as a Certified Financial Planner (CFP). The key characteristics which Kim and his staff uphold are to be independent, professional, and comprehensive in all dealings with their valued clients while only working with the very best service providers.
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