Does Asset Management Need a Financial Planning Foundation?
- Topics:
- Commercial Lending
- Tags:
- Asset,
- Asset Management,
- Business Operations,
- Finance,
- Financial,
- Financial Accounting,
- Financial Planning,
- Operational Planning
- Source:
- Financial Planning Association
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Overview: The main question this article tries to address, is a financial plan really a plan if it never gets implemented? The answer to the same has been explained with the help of a case. When Carol Pankros, CFP, president of CCP Financial in Palatine, Illinois, was one of only two fee-only planners in the Chicago area, she operated with the "purist" mentality—financial planning was the plan, period. However, eight years ago, her thinking, and her practice—changed. Thus, assuming that the CFP licensees surveyed are at least moderately representative of the financial planning community as a whole, there would seem to be many planners who make a distinction between financial planning and asset management—or who don’t consider asset management a part of planning, or who do asset management without planning. It tries to give a solution that whether Asset Management need a financial planning foundation.
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Format: HTML | Date: Nov 2000 | Pages: 1
