I am not a financial planner but I work with financial planners day in and day out for the past 6 years. It’s a long story but the short version is this – I am a qualified engineer and after being in the engineering industry for more than 11 years, I got bored. I was then introduced to a managing director of a financial planning agency who was previously from a well-known bank in Singapore. He had offered me the opportunity to work with him to grow his team of financial planners.
It took me awhile before I decided to join him in 2010 and as I write this, 6 years have passed. During this time, my primary role has been to interview, select and recruit people to be financial planners in this fast growing industry. Because of that, I get to see both sides of the story – how some people succeed as a financial planner and others don’t.
As I’ve gotten more familiar with the profession, I’ve learnt to like and respect financial planners for the work they do. However, as a recruitment manager, one of my personal concerns is seeing candidates decide too quickly to commit before giving themselves time to explore if they are really suitable to be a good financial planner.
What does a financial planner do?
A financial planner is a professional who prepares financial plans for people. While there are many technical terms to describe the financial planning work such as cash flow management, retirement planning, insurance planning and etc, the job is about covering all areas of the client’s financial needs.
The work however, is not all about calculation and numbers. In fact, to be a good financial planner, communication skills are equally important. A heart to help people is also very important. Not only is the job meaningful, the opportunities for growth are also exciting.