I hear this many times in the marketplace. Someone will ask me what I do for a living and I usually say "I'm a Financial Planner." Their response typically goes something like this, "That's great. My Guy is with XYZ Bank, Insurance, or Investment Company.
The first thing that pops into my head is, Do They Really Have a Financial Planner?
When most people think of Financial Planning they usually think of someone that sells stocks, bonds, or mutual funds. And maybe even someone that handles their life insurance.
The Financial Planning Association defines it as: "
If your Medical Doctor was compensated by how many Prescriptions he wrote or by how many Prescriptions his patients took, would you still take his advice?
So why do we take our financial planning advice this way?