The Complete Idiot's Guide to Success as a Personal Financial Planner
by david on Tuesday, August 30th, 2011 | 3 Comments
The Complete Idiot's Guide to Success as a Personal Financial Planner
Building a successful career in a red-hot field.
Financial planning is one of the fastest growing careers in America today. Written by a veteran certified financial planning expert, this invaluable book tells aspiring and new CFPs everything you need to know about the certification process, setting up private practice, self-marketing techniques, client management and expansion, and much more.
—Includes a comprehensive resource section
A great book for anyone considering a career in financial planning.,
Don't let the title fool you, this book contains a highly intelligent, thorough look at the profession and industry. The author looks at how the industry has evolved, what the future holds and what it takes for both new graduates and career changers to not only be successful in this business, but to ultimately find fulfillment in their work.
The book addresses in detail the various options for entry, provides a glimpse of a day in the life of the financial planner and talks about the likely challenges one can expect to face in the first few years as a new planner.
It goes on to review the various credentials, touching on there significance and identifying those most beneficial. It also looks at resources for learning and continuous development as well as the clubs and associations worth joining.
And that's just the first half of the book… The book devotes a chapter to the life planning movement and the final two sections cover setting up your own practice and the keys to growing and building your business.
This book is not only an invaluable resource for those starting out in financial planning, but also a great source of information for those currently working in the business who are considering making the leap to go out on their own.
I read this book in one sitting and only wish it had been around six months ago when I started researching a career in financial planning. It would have saved me a lot of time and spared me a few headaches.
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|Covering only basics, not how to succeed,
This book covers just the basics of becoming and working as a financial planner (aka financial advisor, financial consultant, wealth advisor, etc.). It provides an overview of the industry and profession, how to become a financial planner (but only focusing on college grads, accountants, attorneys, and bankers), what it's like to work as one, and how to go indie. It does not provide much tips on how to succeed as a new financial planner or as a seasoned financial planner; the only exception is the author strongly recommends you get a good mentor, a recommendation I totally agrees on. For example, building up a client base, the most dreaded of all beginning and intermediate financial planners, is covered in just one page. I thought at least two or three chapters should be devoted to this topic alone, because having clients who pay you fees is 75% of success as an FP; the other 25% is keeping them happy.
So, I'm rather disappointed in this book, because it lacks substance that can help someone thinking about the career or just starting out as a beginner FP.
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|A "wealth" of information and wisdom about financial planning as a career,
This book is rght on target! John Napolitano has done a masterful job of bringing information, knowledge, wisdom, and coherence to the topic of personal financial planning as a career. I coach and consultant to financial planners, including career changers, and I believe that John's book is a goldmine of must-have information to anyone contemplating a career in this field — as well as to anyone relatively new to the field and seeking to chart their career development path. Don't leave home without it!
Ed Jacobson, Ph.D.
Madison, WI.
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